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# Spotify adds 8M paid subscribers in Q3 2022 as revenue tops $3B
- URL: https://www.hypebot.com/spotify-adds-8m-paid-subscribers-as-revenue-tops-3b-in-q3-2022/
- Published: 2022-10-25T20:29:04.000Z
- Updated: 2022-10-25T21:06:18.000Z
- Description: Spotify’s active monthly users grew 23 million to top 456 million in the last three months, as paid subscribers reached a quarterly record growing 8 million to 195 million. Revenue. Continue reading [https://www.hypebot.com/hypebot/2022/10/spotify-adds-8m-paid-subscribers-as-revenue-tops-3b-in-q3-20
- Author: Bruce Houghton
- Tags: Music Business, Streaming, music, music industry, Music Tech, musician, musicians, Spotify, #wp, #wp-post, #Import 2026-01-21 09:44

Spotify’s active monthly users grew 23 million to top 456 million in the last three months, as paid subscribers reached a quarterly record growing 8 million to 195 million.

![](https://storage.ghost.io/c/3a/95/3a957c06-c825-4057-9939-0a274cc16d23/content/images/storage-googleapis-com/pr-newsroom-wp/1/2022/10/card-16-9_11x.png)

### Revenue Growth

Revenue grew 22% year on year to top $3 billion for Q3.

Gross margin came in below expectations, “mainly due to an unfavorable adjustment to prior period estimates for  
rights holder liabilities.” Spotify also saw slower than forecast advertising growth due to a “challenging macro environment,” aka recession fears.

The streamer launched audiobooks late in the quarter but provided no early numbers.

Read the full earnings report [here](https://www.hypebot.com/content/files/s29-q4cdn-com/175625835/files/doc%5Ffinancials/2022/q3/q3-2022-shareholder-deck-final-locked.pdf).

#### **MORE:**

#### [Spotify adds 8M paid subscribers as revenue tops $3B in Q3 2022](https://www.hypebot.com/spotify-adds-8m-paid-subscribers-as-revenue-tops-3b-in-q3-2022/)

#### [Apple Music ups subscription price to $10.99](https://www.hypebot.com/apple-music-ups-price-to-10-99-will-spotify-follow-on-todays-earnings-call/)

**Bruce Houghton* is Founder and Editor of [Hypebot](https://www.hypebot.com/) and [MusicThinkTank](http://www.musicthinktank.com/?ref=hypebot.com) and a Senior Advisor to [Bandsintown](https://www.bandsintown.com/?ref=hypebot.com) which acquired both publications in 2019\. He is also President of the[ Skyline Artists Agency](https://skylineonline.com/?ref=hypebot.com) and a professor for the [Berklee College Of Music](https://online.berklee.edu/courses/touring-101?ref=hypebot.com).*