Spotify still growing, still losing money — and still without high-res music | Digital Trends

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Spotify still growing, still losing money — and still without high-res music | Digital Trends
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Spotify HiFi is still nowhere to be found, a quarter of the way through 2023. And while it may still be in the works, one can make an argument that it's not needed.

We’re more than a quarter of the way through 2023. Spotify just announced its first-quarter earnings, with 515 million monthly active users. Some 210 million of them pay for Spotify Premium.

Then there’s the basic math of user count. Spotify is still growing, despite Spotify HiFi still MIA, and competitors like Apple Music and Amazon Music lagging far behind. For those who are holding out hope, however, Ek left just a smidge of daylight. Answering a question about new features — specifically the new user interface and AI DJ — he stressed that the company is patient when it comes to new products and features. Painfully patient, really, if you look at it from a user’s point of view.

Another possible indication that Spotify HiFi’s non-appearance may be more about patience and timing than a will to release. And it also could be tied into pricing. Ek reminded everyone that Spotify’s price hasn’t gone up, and basically said to expect it at some point.

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