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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,”

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

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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.

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.

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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.

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.

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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JUST-IN: 34 Dead, 16 Missing In Indonesia Floods

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At least 34 people have died and 16 more were missing after floods on Sumatra island in western Indonesia, the spokesperson for the West Sumatra disaster mitigation agency said Sunday.

READ ALSO: Hundreds Rescued After Flooding In Australia

“Until now our data shows that 34 people died: 16 in Agam and 18 in Tanah Datar. At least 18 others are injured. We are also still searching for 16 other people,” Ilham Wahab told AFP, referring to two districts in West Sumatra province.

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Details later…

AFP

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Failure To Prosecute Deborah’s Killers Two Years After, Reinforcement Of Impunity – Amnesty International

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Amnesty International has condemned the Nigerian authorities for their failure to bring the murderers of Deborah Samuel to justice.

Deborah, a Christian and a second-year student of Home Economics at Shehu Shagari College of Education, Sokoto, was lynched by Islamic extremists and subsequently set ablaze on May 12, 2022.

This occurred after she had advised her classmates against posting religious materials on their WhatsApp page.

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READ ALSO: ‘Blasphemy’: Fish Out Killers Of Deborah Yakubu, NOSCEF Tasks Government

In a press release made available to newsmen on Saturday, the director of the human rights organisation, Isa Sanusi, stated that the failure to bring Deborah’s killers to justice serves as a reinforcement of impunity.

Sanusi said, “On the day Deborah was killed, in a flagrant show of utter disdain for the sanctity of life and impunity, a video footage of a raging fire and a man facing the camera, bragging that he killed and burnt Deborah Samuel — while also brandishing a matchbox — was widely shared on social media.

“Even though the suspects were arrested but in what appears to be an encouragement for impunity suspected killers were not properly charged and were ultimately set free — going away with blood on their hands.

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READ ALSO: How Court Freed, Acquitted Suspected Killers Of College Student, Deborah Samuel

“By failing, again and again, to ensure that those suspected of responsibility of killing(s) over alleged blasphemy are brought to justice, the Nigerian authorities continue to create a permissive environment for brutality.”

Sanusi emphasised that the reluctance of the government to address violence perpetrated in the name of religion has effectively conveyed the message that individuals can commit egregious abuses under the guise of religion and evade accountability.

“It is never too late for the Nigerian authorities to rearrest those suspected of killing Deborah Samuel and ensure that they face justice through fair trial.

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“Nigerian authorities have an obligation under Nigerian and international human rights law to protect lives and to uphold the rule of law,” Sanusi added

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Nine-year-old Stabs Pupil,10, To Death On While Returning From School In South Africa

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A nine-year-old boy stabbed a 10-year-old boy to death after they got into a fight while on their way home from school in Brandfort, Free State, South Africa.

South African Police Service (SAPS) Free State spokesperson, Captain Stephen Thakeng, who confirmed the incident on Friday, May 10, 2024, said the nine-year-old boy went to his house to retrieve a knife, returned and stabbed the deceased to death.

“It is alleged that two schoolboys, from different schools, were on their way to their respective homes on 08 May 2024 at about 16:00 when a fight reportedly broke out between them,” he said.

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Preliminary investigations reveal that the nine-year-old boy went to get a knife from his home nearby and returned, stabbing the 10-year-old boy.

READ ALSO: Burna Boy Gifts Tony Tetuila Briefcase Full Of Cash

“Police were informed about the incident and upon arrival, found a 10-year-old boy still in school uniform lying inside the ambulance with a stab wound on the left side of his chest.

“The paramedics pointed out a silver stainless steel knife with a black handle on the ground.

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“The boy was certified dead at the scene in one of the streets of Nomzamo Park, Majwemasweu, Brandfort. The mother identified the deceased as her son.

“Both are Grade 4 learners in different primary schools in Brandfort. An inquest has been registered and the nine-year-old child was handed over to his parents to be referred to social workers.” he added.

READ ALSO: Navy Sends Eight Warships, Helicopters After Sea Pirates

Also confirming the incident, the Free State Education MEC, Makalo Mohale, identified the deceased as Kamogelo Leepile, a learner at WSM Malotle Primary School in Brandfort.

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This incident happened in full view of other learners who were on their way home.

Mohale said that Kamogelo Leepile was stabbed three times by the grade 4 learner from Monamodi Primary School.

READ ALSO: Nigerian Army Pulls Out 29 Retired Generals

The Free State Education Spokesperson Howard Ndaba said the suspect who according to his mother, has complained of consistent bullying by the deceased and his brother was taken to the police station on Thursday morning 9 May.

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MEC Mohale has called on schools to be safe spaces for both learners and teachers.

Mohale said the incident can only be described as “ abhorrent and travesty “.’

“We strongly condemn any acts of learner misconduct including bullying and relentlessly appeal to parents in assisting to enforce discipline in and outside the school environment.”

Psycho-social services have been sent to both schools to provide counselling.

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