Howdy! Spotify unveiled quarterly earnings Wednesday. As you can imagine, boatloads of news has sprung everywhere. While we are working hard on the Friday round-up, we decided to drop a mid-week post with a lightning-fast digest of earnings-related news.
The News….
Spotify Reports 130 Million Paid Subscribers as Quarterly Revenue Jumps 22%
Spotify's business "remains very healthy" despite the global uncertainty caused by the COVID-19 pandemic, the streaming giant reported in its first quarter financial results.
In the three months ending March 31, Spotify grew its user base to 130 million paid subscribers and 286 total monthly active users. Total revenue in the first quarter was €1.85 billion ($1.99 billion in current dollars), up 22% on the same period the previous year.
Spotify: Listening habits during the pandemic make every day look like the weekend
Spotify users are flocking to ‘chill’ playlists during COVID-19
Spotify’s Push Into Key Markets of Russia and South Korea Delayed by Pandemic
Spotify Results Spell Dark Times For Podcasting As Commuters Stay Home
How Spotify consumption has changed during the pandemic
Spotify adds playlists to bananas
A Song… A Song!
The new Late Slip (@lateslip) tune “Strike” is so deliciously addicting. We have the repeat button working overtime. And it features one of our faves: Nick Waterhouse (@nickwaterhouse).