The management of Spotify Technology (NYSE: SPOT) had a lot of great news for investors with its fourth-quarter results, but some might still feel disappointed.

Spotify finished 2022 with 10 million more active users than it guided for back in October. Nearly a half-billion people around the world streamed songs on Spotify in the fourth quarter.

The company also posted strong profit margins, and management said it will rein in investments in areas like podcasts, focusing on becoming more efficient.

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Source Fool.com