Spotify now has over 300M subscribers

In Brief

Spotify has zoomed past 300 cardinal subscribers for the archetypal time, the institution said connected Tuesday. The streaming work besides reached 777 cardinal monthly progressive users successful the 2nd quarter, 12% much than a twelvemonth earlier.

Notably, the institution saw its subscriber basal swell by 9% successful the 4th contempt raising subscription prices successful respective regions this year. The level has tried to diversify its offerings by introducing fittingness content, narrations of magazines, integrating concert summons sales, and adjacent selling physical books.

The institution reported quarterly gross of €4.8 cardinal ($5.52 billion), up 14% from a twelvemonth earlier.

Spotify has focused powerfully connected gathering AI features successful the past fewer months. It has released tools to make personalized podcasts based connected content from antithetic sources. It adjacent launched a NotebookLM-like diagnostic arsenic an experimental desktop app successful May.

The streaming work has besides added AI-powered Q&A and briefing procreation features to podcasts; partnered with ElevenLabs for an Audiobook instauration tool; and struck a woody with euphony labels to let users to marque fan-generated remixes. Last month, it launched a caller conversational AI assistant, which lets users steer contented connected the app utilizing prompts.

The level is seeing its subscriber counts turn contempt expanding backlash against its hosting of AI-generated music. To appease its users, Spotify has added a verification strategy for artists, and past twelvemonth introduced optional labeling for AI-generated music.

In the lack of effectual systems for identifying AI music, users are resorting to alternate services similar SoullessMusic.com and SlopTracker, 404 Media reported past month.

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