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# Spotify users jump 27% to 551M, subscribers up 17% to 220M [NYSE: SPOT]
- URL: https://www.hypebot.com/spotify-users-jump-27-to-551m-subscribers-up-17-to-220m/
- Published: 2023-07-25T11:30:13.000Z
- Updated: 2023-07-25T12:09:20.000Z
- Description: Spotify’s monthly active users (MAUs) surged 27% to 551 million, up 36 million, and subscribers grew 17% to 220 million, up 10 million. The increase comes as Spotify followed its. Continue reading [https://www.hypebot.com/hypebot/2023/07/spotify-users-jump-27-to-551m-subscribers-up-17-to-220m.html]
- 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 monthly active users (MAUs) surged 27% to 551 million, up 36 million, and subscribers grew 17% to 220 million, up 10 million.

![](https://storage.ghost.io/c/3a/95/3a957c06-c825-4057-9939-0a274cc16d23/content/images/storage-googleapis-com/pr-newsroom-wp/1/2023/07/card-16-9.jpg)

The increase comes as Spotify followed its competitors to [raise subscription prices in 50 countries](https://www.hypebot.com/spotify-confirms-price-increases-in-50-countries-starting-today/).

### Revenue and losses grow

Total revenue grew 11% over the previous year to $3.53 billion. But losses at Spotify also grew to $273 million (or – $123 million on a constant currency basis) partly because of Q2 expenses related to Spotify’s “efforts to become a more efficient and stronger business.” including employee buyouts and severance packages.

#### **MORE: [Spotify confirms price increases in 50 countries](https://www.hypebot.com/spotify-confirms-price-increases-in-50-countries-starting-today/)**

**Bruce Houghton* is the Founder and Editor of [Hypebot](https://www.hypebot.com/), a Senior Advisor at [Bandsintown](https://www.bandsintown.com/?ref=hypebot.com), President of the[ Skyline Artists Agency](https://skylineonline.com/?ref=hypebot.com), and a [Berklee College Of Music](https://online.berklee.edu/courses/touring-101?ref=hypebot.com) professor.*