Spotify managed to still add subscribers in the months following a price increase, but the streaming music service still lacks any kind of high-res audio.
Spotify today announced its third-quarter 2023 earnings, and with it came news of an increase in subscribers year over year, as well as for the quarter. But still MIA is any sort of high-resolution audio, despite recent rumors.
Recommended Videos Spotify also managed a sharp turnaround in operating income in the third quarter, recording 32 million euros in the black versus the 247 million-euro loss the previous quarter. Spotify also weathered a price increase in July, which brought its monthly cost in line with competitors.
Still absent, however, was any talk of the long-awaited “lossless CD-quality” streaming option Spotify announced in February 2021. There has been some chatter of late of a “Super Premium” tier that could be priced around $20 a month. But the third-quarter news came and went without any real movement.
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