Spotify's premium subscriber count reaches 188 million in the second quarter of 2022, up 14% from the same period last year. As for the number of active users, it increased by 19% over the same period to reach 433 million, the strongest growth recorded by Spotify for a second quarter. By the way, these two figures are higher than the estimates issued by the platform in the previous quarter.
Spotify Hi-Fi, still no date announced
However, Spotify continues to favor subscriber growth rather than revenue growth, up 125 million euros this quarter. On average, the average turnover per user is €4.54, slightly more than the €4.38 of the previous quarter. The platform could earn more if it releases its promised Hi-Fi offer last year, but still delayed. Its sound quality, via a still unknown Lossless codec, will be comparable to that of an audio CD, according to its creator, via a bit rate of just over 1.4 Mbbs. As a reminder, subscribers to a Spotify Premium offer currently benefit from a speed of 320 kbps, 160 kbps for those who have chosen the Spotify Free offer.