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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Spotify Aims for a Billion Users by 2030

Spotify’s move drew applause online from organizations. (File/AFP)

Audio streaming platform Spotify said Wednesday it is aiming to have one billion users by 2030 as well as an annual revenue of $100 billion in a decade.

Co-founder and CEO Daniel Ek, speaking at an investor day event in New York, said the ambitious goal could be achieved in part through an expansion of Spotify's portfolio of podcasts and audiobooks, while making the platform a one-stop shop for content creators, AFP said.

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