– Spotify recently announced that its premium subscriber base had touched 205 million.

– Spotify also claimed that its paid user base represented a 14% year-on-year increase.

– Spotify’s CEO, Daniel Ek confirmed that Spotify is expected to “move faster with more intensity of effort” and the company will also drive “even greater efficiency in 2023."

– Spotify reduced its global workforce by 6% as it laid off about 600 employees.