# Spotify listeners cross half a billion mark
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-03-09
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Spotify Introduces New Features at Stream On Event
Meta Description: Explore Spotify's latest updates with smart shuffle, podcast previews, and more for over 500 million active users. Discover new music experiences today!
URL: https://financedigest.com/spotify-listeners-cross-half-a-billion-markhtml

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(Reuters) -Spotify Technology SA said on Wednesday it would roll out new features like smart shuffle and previews of podcasts and music playlists on its audio streaming platform, as it crossed 500 million in monthly active listeners.

The Swedish company, which has invested heavily in building up its podcast and audiobooks business in recent years in a bid to attract users and advertisers, announced the “new re-imagined user interface” at its Stream On event.

Spotify also shared an update to its annual music royalties report, noting that the number of artists making over $1 million as well as those generating over $10,000 had more than doubled in the past five years.

Earlier this year, Spotify said it would tighten spending and work to become efficient given the tough macroeconomic backdrop and [projected the number of listeners would reach 500 million](https://www.financedigest.com/sse-to-invest-122-million-in-scottish-pumped-hydro-project.html "SSE to invest 2 million in Scottish pumped hydro project") in the current quarter.

Features like autoplay for podcasts, personalized visual and [audio previews of podcast episodes and audiobooks or music](https://www.financedigest.com/dont-play-second-fiddle-how-disruptor-banks-can-leverage-music-and-audio.html "Don’t Play Second Fiddle: How Disruptor Banks Can Leverage Music and Audio") playlists, and new feeds for discovery will be rolled out in waves starting Wednesday, Spotify said.

(Reporting by Eva Mathews in Bengaluru; Editing by Maju Samuel)


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