For the first time in history, a music service has crossed the 200 million subscriber thresholdApps16:44 | January 31, 2023

Compared to the previous year, the increase was 14%. Monthly active users (MAU) increased by 20% to 489 million.

According to The Verge, Spotify is the first music streaming service to have this many paid subscribers. Interestingly, the income statement comes a week after the service announced the layoffs affecting nearly 600 employees.