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Spotify monthly active users grew 20% in 2022

Yahoo Finance Live’s Brian Sozzi breaks down the chart of the day, showing Spotify monthly active users hitting 489 million.

Video transcript

[AUDIO LOGO]

BRIAN SOZZI: All right, it's been a good week for Spotify investors, as shares closing on more than a 20% gain following much better-than-expected earnings. Our Chart of the Day helps explain this gain. As you can see, Spotify's monthly active users grew 20% to 489 million last year. That marks an acceleration from the 18%-- 18th percent growth rate seen in 2021.