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Spotify subscribers exceed 260 million as platform subscribers grew 11% in 2024
The company's earnings report included no mention of lossless audio.
In a year that saw Spotify double-down on podcasts, video, and AI, all while not delivering on its lossless audio promise from 2024, the platform still grew its subscriber base by 11% year-over-year. (Image credit: Andrew Myrick / Android Central)Oddly, Spotify's press release and investor presentation shows off a lot of non-music features prominently, signaling that the service may be growing due to its extra-curriculars. Spotify didn't mention the state of its lossless audio project, which was announced in 2021 and missed its target release window with few updates.
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