Aside from this achievement, the company said it’s aiming to reach the 200 million mark by this year-end. Yet, Spotify stock tumbled a bit on the after-hours trading since the gross margin of its earnings is low, panicking the investors.
This was revealed in its latest Q3 earnings report , where it surpassed the analysts’ estimates by a million count! The company even said that it’s aiming to reach the 200 million mark by the end of this year.
This, aside from the growing number of podcasts and vast music library, comes in several tiers suitable for every group. Recently, we’ve seen the company surveying users about a new Platinum plan – costing $19.99 a month – that’d possibly come with HiFi audio support.
HiFi audio was touted by Spotify early last year, but it didn’t see the light yet! And with a new premium plan coming up, we expect this grand feature alongside other perks like Audio Insights, Headphone Tuner, Library Pro, Playlist Pro, and something called Studio Sound.
