Spotify makes it clear: it cares more about video podcasts than launching its long-awaited lossless HiFi tier

Spotify continues to delay its long-promised hi-fi music tier, first announced in 2017. CEO Daniel Ek recently confirmed it's still in the works but gave no timeline. Instead, Spotify is focusing on podcasts, launching ad-free video podcasts in January 2025. The company's latest financials show strong growth in users, subscribers, and revenue, with record-breaking profit margins. This success suggests Spotify doesn't see an urgent need to improve audio quality, prioritizing other features and content to drive growth.