Tag: q1

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.

CEO Daniel Ek and CFO Paul Vogel Drop in on the Latest Episode of ‘Spotify: For the Record’ to Discuss Q1 Performance

April 29, 2021

The first few months of 2021 proved to be busy at Spotify. We held our virtual event Stream On, launched in 86 new markets around the world, and acquired the live audio app Locker Room. So in the most recent episode of Spotify: For the Record, Head of Global Communications Dustee Jenkins, CEO Daniel Ek, and CFO Paul Vogel sat down to reflect on Spotify’s relentless pace of innovation in audio by diving into our quarterly earnings report.

The trio covers an explosion of growth in Latin America, top genres in Pakistan, and why they’re excited about the opportunity of live audio. The episode also canvasses the big cultural moments from the past few months, including Olivia Rodrigo’s runaway hit “Driver’s License,” the number of user-created vaccine playlists, and notable new podcasts, from Caso 63 to Renegades.

Plus, for the first time, Daniel reveals the name of the reimagined Locker Room app. 

Stream “2021 Q1 Earnings: Highlighting New Markets & New Acquisitions” now.

Spotify Reports First Quarter 2021 Earnings

April 28, 2021

Today, Spotify announced our first quarter 2021 financial performance. Click here to review the full earnings release, and click here to read Daniel’s remarks from the analyst Q&A. Take a look at the highlights below:

Interested in hearing more? You can listen to the webcast Q&A on the IR site here. 

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

Spotify Reports First Quarter 2020 Earnings

April 29, 2020

Today, we (NYSE: SPOT) announced our first quarter 2020 financial performance. Click here to review the full earnings release, and take a look at the highlights below:

Interested in hearing more? You can listen to the webcast Q&A on the IR site here. Instead of the typical “hold” music, we upped it a notch this quarter with a sizzle reel to showcase audio trailers from a few of our original and exclusive podcasts. Click below to check out the sizzle reel.

More People Than Ever Are Streaming on Spotify

May 2, 2018

A lot has happened recently here at Spotify. From going public on the NYSE, to announcing our newest partnership with Hulu, to unveiling our new and improved platform for free users, we’re constantly innovating our services to provide a better listening experience for users, and a more in-touch platform for artists.

Every year we grow as a company, which allows us to make unprecedented changes to our platform, and in turn, engage more users in the magic of music streaming. We’re excited to announce that this year is no different. Spotify now boasts 170 million monthly active users and 75 million premium subscribers.

We’re continuing to provide the best streaming music experience, for our artists, our employees, and our millions of users. Having the support of our global audience helps make it so.

Whether you’ve been streaming on Spotify for years, or downloaded the app just last week, we’re glad you’re with us. Happy listening!