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Spotify Surpasses 600m Monthly Users

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Music streaming giant, Spotify on Tuesday, said it passed 600 million monthly users at the end of 2023, and that it was expecting a profitable first quarter of 2024.

“Spotify had a very strong quarter, rounding out a great year of truly remarkable growth across the company,”

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The Chief Executive Officer of Spotify, Daniel Ek, said in a post to X on Tuesday after the company published its fourth-quarter earnings.

READ ALSO: Spotify Rates Olamide Most Influential Street Pop Artiste

At the end of 2023, the company had 602 million monthly active users, an increase of 23 per cent compared to a year earlier.

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The company also saw a 15 per cent rise in paying subscribers, which make up the bulk of the company’s revenue, to 236 million.

For the year, Spotify reported revenues of 13.2 billion euros ($14.2 billion), up from 11.7 billion euros the year before.

The company still saw an operating loss of 446 million euros in 2023, however this was still an improvement over the operating loss of 659 million euros in 2022.

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The company has never posted a full-year net profit and only occasionally quarterly profits despite its success in the online music market.

READ ALSO: Full List: Asake Is Spotify’s Most-streamed Nigerian Artist For 2023

In December, Spotify announced it would reduce its staff by around 17 per cent in a bid to reduce costs, which followed earlier cuts announced in January and June of 2023.

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In July, the Swedish company, which is listed on the New York Stock Exchange, announced it was raising its prices for premium subscribers “across a number of markets around the world,” following in the footsteps of similar moves by competing music services from Apple and Amazon.”

Spotify has invested heavily since its launch to fuel growth with expansions into new markets and, in later years, exclusive content such as podcasts.

Last week, it announced it had renewed a deal with Joe Rogan, signing a “multi-year partnership” for his flagship chart-topping podcast.

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For the first quarter of 2024, the company said it expects to reach 618 million MUAs and make an operating profit of 180 million euros.

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Serbia Indicts Ex-minister, 12 Others Over Train Station Tragedy

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Serbian prosecutors filed an updated indictment on Tuesday against 13 people, including a former minister, over a fatal railway station roof collapse that has triggered a wave of anti-government protests.

The prosecution said all those indicted, among them former construction minister Goran Vesic, face charges of “serious crimes against public safety” over the tragedy that killed 16 people last November.

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“The indictment proposes that the Higher Court in Novi Sad order custody for all the defendants,” the prosecutor’s office said in a statement.

The roof collapse at the newly renovated station in Serbia’s second-largest city, Novi Sad, became a symbol of entrenched corruption and sparked almost daily protests.

READ ALSO:FG Panel Indicts AFN In Ofili’s Paris Olympics Omission

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Protesters first demanded a transparent investigation, but their calls soon escalated into demands for early elections.

The Higher Public Prosecutor’s Office in Novi Sad initially filed an indictment at the end of December, but judges returned it in April, requesting more information.

The accused were released or placed under house arrest following the decision.

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The prosecutor’s office said it had complied with the judge’s request and had now completed the supplementary investigation.

READ ALSO:NDLEA Arrests Indian Businessman, 3 Others Over Alleged Trafficking Of N3.9bn Tramadol

The prosecutor specialising in organised crime and corruption in Belgrade is leading a separate, independent investigation into the tragedy.

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That investigation is focused on 13 people, including Vesic and another former minister, Tomislav Momirovic, who headed the Construction Ministry before him.

In March, the European Public Prosecutor’s Office (EPPO) launched a third, separate investigation into the possible misuse of EU funds for the station’s reconstruction.

AFP

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Kazakhstan Bans Forced Marriage, Bride Kidnapping

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Kazakhstan has banned forced marriages and bride kidnappings through a law that came into effect Tuesday in the Central Asian country, where the practice persists despite new attention being paid to women’s rights.

Forcing someone to marry is now punishable by up to 10 years in prison, Kazakh police said in a statement.

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These changes are aimed at preventing forced marriages and protecting vulnerable categories of citizens, especially women and adolescents,” it added.

Bride kidnappings have also been outlawed.

REAS ALSO:What To Know About Albania’s AI Minister, Diella

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Previously, a person who voluntarily released a kidnapped person could expect to be released from criminal liability. Now this possibility has been eliminated,” the police said.

There are no reliable statistics of forced marriage cases across the country, with no separate article in the criminal code prohibiting it until now.

A Kazakh lawmaker said earlier this year that the police had received 214 such complaints over the past three years.

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The custom is also present in neighbouring Kyrgyzstan, where it mostly goes unpunished due to indifferent law enforcement and stigma surrounding whistleblowers.

READ ALSO:California Lawmakers Approve Ban On Face Masks For Authorities

The issue of women’s rights in Kazakhstan gained media attention in 2023 following the murder of a woman by her husband, a former minister, a case that shocked Kazakh society and prompted President Kassym-Jomart Tokayev to react.

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“Some people hide behind so-called traditions and try to impose the practice of wife stealing. This blatant obscurantism cannot be justified,” Tokayev said last year.

AFP

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Russia Arrests Woman For Detonating Bomb On Railway

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Russia’s FSB security service said on Tuesday it had arrested a woman in her fifties accused of detonating explosives in a bid to sabotage the Trans-Siberian Railway.

The suspect was allegedly working on behalf of Ukrainian intelligence, the FSB said, in the latest incident of alleged covert activity during the countries’ conflict.

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In August 2025, following the instructions provided by the adversary, the suspect manufactured a homemade explosive device from publicly available components, placed it on the railway tracks and triggered it,” the Russian agency said.

READ ALSO:Russia Hits Ukraine With ‘Massive’ Deadly Overnight Strikes

“She recorded the moment of the explosion on her mobile phone camera and sent the footage as a report to the handler to receive a reward.”

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The statement did not name the suspect but said she was born in 1974 and carried out the alleged attack in eastern Siberia’s Zabaikalsky region.

The FSB warned Russians that it was monitoring social networks and online messenger services such as Telegram and WhatsApp for evidence of Ukrainian services recruiting Russians to carry out sabotage.

READ ALSO:Again, Russia Claims Another Village In Ukraine’s Region

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Separately, the agency told state news agency TASS that a man had been sentenced to 18 years and six months for transporting explosives on behalf of a “pro-Ukrainian” group.

A resident of the Bryansk region, which borders Ukraine, had, the FSB said, established contact through the Telegram app with a banned “terrorist organisation”.

He allegedly retrieved explosives from a cache on the orders of this group before waiting for “further instructions”, according to the same source cited by TASS.

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He was jailed by a military tribunal.

AFP

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