During Stream On, the platform announced that it surpassed the mark of 500 million monthly listeners.
Spotify presented its news for 2023 during Stream On, a hybrid event on the streaming platform that took place this Wednesday (8).
During the presentation, the platform celebrated the mark of more than 500 million monthly active listeners and announced new features for the public, such as smart random mode, podcast previews and playlists.
In addition, Spotify also introduced the monthly music royalty report update. In the new document, the platform revealed that the number of artists who earn more than a million dollars and those who generate more than 10 thousand dollars more than doubled in the last five years.
Another update presented during the event was related to monetization tools for podcasters and publishers, such as the implementation of the Spotify Audience Network (SPAN), announced at Stream On 2021.
According to the company, since the launch of the tool, the monthly payment for publishers who opted to join the initiative has increased by almost 50% and the participation of advertisers has increased by 500%.
Additionally, the number of independent and corporate podcasters using SPAN has grown by more than 700% in the past two years.
