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Spotify stock is up almost 10% this morning after the company posted its single biggest quarter of user growth in history. It now has almost 500M users.

newsroom.spotify.com

Spotify Reports Fourth Quarter 2022 Earnings — Spotify

Today, Spotify announced our fourth quarter 2022 financial performance. Click here to review the full earnings release, and take a look at the highlights below: Interested in hearing more? You can...

3:30 PM · Jan 31, 2023

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Most of which was attributed to the success of The Town hosted by

with frequent guest

.

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and

Clearly Matt and I have convinced investors that podcasting is in fact a profitable business.

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Yet still waiting on profits....