Tag: immediate media

Spotify Reports First Quarter 2023 Earnings

April 25, 2023

Today, Spotify announced our first quarter 2023 financial performance, showing outperformance across nearly all key performance metrics. Take a look at the highlights below:




We had our strongest Q1 since going public in 2018, with nearly all our KPIs surpassing expectations:

  • Monthly Active Users grew by 22% year-over-year to 515 million driven by strength in both developed and developing markets, and nearly all age groups. 
  • Premium Subscribers grew 15% year-over-year to 210 million with outperformance across all regions, led by Europe and Latin America.
  • Total Revenue grew 14% year-over-year to €3.0 billion, led by Subscriber gains.
  • Gross Margin finished at 25.2%, reflecting improved music and podcast profitability.
  • Operating (Loss)/Income finished at €(156) million, aided by lower marketing spend.

Interested in hearing more? Click here to review the full earnings release and listen to the webcast Q&A on our Investor Relations site here. 

Click below to check out a sizzle reel of audio trailers from a few of our recent original and exclusive podcasts.

Immediate Media Partners With Spotify’s Megaphone To Bring Its Popular U.K. Podcasts to the World

February 16, 2023

When it comes to U.K. podcast producers, Immediate Media stands out. In 2022, the studio published more than 750 podcast episodes and averaged more than 5 million downloads per month across its 12 ongoing series. One of its most popular podcasts, HistoryExtra, also just celebrated a major milestone by hitting 200 million downloads. And now, we’re excited to announce our new partnership with Immediate Media that will help the company take its content to the next level. 

Starting in March, Immediate Media’s podcasts will be hosted and monetized through Spotify’s enterprise podcasting platform, Megaphone. With its portfolio—including the Radio Times Podcast, The olive magazine podcast, and the aforementioned HistoryExtra, along with BBC’s Top Gear Magazine Podcast, BBC Good Food Podcast, and BBC Gardeners’ World Magazine—Immediate Media offers content from premium brands that advertisers love. 

With Megaphone’s comprehensive set of industry-leading tools, Immediate Media can more effectively publish and grow its podcast business, by creating podcast ads for use on Spotify and other listening platforms.