3 Factors Behind Spotify's Massive Listener Growth
Spotify (NYSE: SPOT) thinks it can reach 1 billion users by 2030, and it's nearly halfway there after a stellar 2022. The streaming music leader added more than 80 million listeners last year, up 20% and accelerating growth from 2021. Spotify is seeing particular strength in a few key areas that bode well for the future listener, subscriber, and earnings growth of the company.