Total monthly active users rose 18% to a record 406 million. The outlook overshadowed fourth-quarter revenue, which came in higher than analysts' estimates, as the music streaming company sold more advertisements and newer services such as podcasts, while recording a healthy 16% increase in paid subscribers for its premium service. Shares pared losses and were down between 3% to 9% after the initial shock. we don't expect a material difference in the net additions for either users or subscribers in 2022 relative to 2021," Vogel told Reuters. "While we have not given full year guidance anymore on subscribers. In an interview with Reuters after the report, Spotify Chief Financial Officer Paul Vogel said this year's growth rate would not be that much different than last in terms of users and subscribers. The company's shares fell as much as 18% in late trading after Spotify reported the subscriber outlook. STOCKHOLM/LOS ANGELES, Feb 2 (Reuters) - Spotify (SPOT.N) on Wednesday forecast current quarter subscribers lower than Wall Street expectations, but executives sought to reassure investors that growth had not cratered even as it deals with the fallout from the controversy around The Joe Rogan Experience podcast.
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