Premium subscribers, which account for many of the firm’s income, had been up 21% to 158 million from a 12 months earlier. Analysts on common had been anticipating the corporate to have 157.5 million paid subscribers, in keeping with IBES knowledge from Refinitiv.
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Spotify, which launched its companies in 86 new international locations in the quarter, stated progress in the United States, Mexico, Russia, and India offset lower-than-expected progress in Latin America and Europe.
Revenue rose to 2.15 billion euros for the three months ended March 31, from 1.85 billion euros a 12 months earlier. Analysts had been anticipating income of two.14 billion euros.
The world’s hottest paid music streaming service, which has been boosting its podcast enterprise, on Tuesday launched a paid subscription platform for podcasters to problem an identical service unveiled by Apple.
Total month-to-month lively users rose 24% to 356 million.
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