Tag: rapcaviar presents

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.

Spotify Head of Urban Music Carl Chery Invites Fans To Look Into the Stories of Hip-Hop’s Top Artists With ‘RapCaviar Presents’

March 24, 2023

Mark March 30 on your calendars. That’s when RapCaviar Presents arrives on Hulu. Based on Spotify’s flagship hip-hop playlist, RapCaviar, the compelling new documentary series tackles today’s most provocative issues through the lens of hip-hop. Centered around the visionaries and emerging stars who rule the charts and influence our culture, fans will get an up-close look into the lives of City Girls, Tyler, The Creator, Polo G, Roddy Ricch, Coi Leray, and more.

Featuring commentary from cultural tastemakers, media experts, and hip-hop historians, each of RapCaviar Presents’ six episodes examines a specific deep-rooted issue that affects hip-hop artists, their fans, and society at large. This includes explorations of mental health, women’s sexuality, the criminalization of rap, social media criticism, and the ultimate cost of viral fame. 

In addition to honest commentary on cultural topics, the show also gets personal, homing in on the artists’ tales of triumph, disruption, empowerment, and redemption. 

To celebrate its upcoming release, we threw a party in LA with Hulu, where Coi Leray, Saweetie, Freddie Gibbs, Mustard, Blxst and Ty Dolla $ign were all in attendance. Guests were invited to toast the series, enjoy a hip-hop-focused set from DJ Domo, and hop in our RapCaviar-themed photo booth.