CEO Daniel Ek says US Spotify subscribers can expect price hikes in 2023, after recent increases by Apple and YouTube; Premium has cost $9.99/month since 2011 (Anne Steele/Wall Street Journal)

Dawn Chmielewski / Reuters:
Spotify reports Q3 revenue up 21% YoY to €3.04B, MAUs up 20% YoY to 456M vs. 448.6M est., and Premium subs up 13% YoY to 195M; stock drops 6%+ on ad growth miss  —  Audio streaming service Spotify Technology SA (SPOT.N) Tuesday surpassed Wall Street’s estimates for revenue and subscriber gains …

Manish Singh / TechCrunch:
Telegram CEO Pavel Durov says Telegram Premium passed 1M subscribers since its June 2022 launch; the monthly subscription costs $5 in the US and £5 in the UK  —  Telegram Premium has amassed over 1 million subscribers, less than six months after the popular instant messaging app launched …

Jem Aswad / Variety:
US music publishers settle on 15.35% for 2023 to 2027 mechanical streaming rates, avoiding costly legal fights with Amazon, Apple, Google, Pandora, and Spotify  —  The announcement comes as a surprise, as the NMPA has been saying for months that it would push for a 20% rate for the forthcoming period.

Jem Aswad / Variety:
YouTube says Music and Premium together have 80M+ paying subscribers, up from 50M in September 2021, and payments to creators and others reached $50B since 2019  —  It’s a dramatic leap, especially for a platform where so much can be had for free, and would seem to place YouTube …

Pranob Mehrotra / XDA Developers:
Qualcomm announces the Qualcomm S3 Gen 2 and Qualcomm S5 Gen 2 for wireless audio gear with support for spatial audio, improved ANC, lossless music, and more  —  The new SoCs are optimized for Bluetooth LE Audio and unlock several premium audio experiences

Ariel Shapiro / The Verge:
Spotify releases Wrapped 2022 for users, adding a “music personality” feature, and says Joe Rogan, Emma Chamberlain, and others were its top podcasters  —  Spotify Wrapped is here, and with it, a slew of year-end charts, data, and graphics ripe for sharing.