Carry My Heart Posted April 25, 2023 Share Posted April 25, 2023 Spotify monthly active users grew by 26 million during the first quarter this year to bring the total number of active users on the world’s most popular audio streaming platform to more than half a billion, the company reported on Tuesday. ...the 22% year-over-year uptick in monthly active users, bringing that figure to 515 million, beat Spotify’s earlier guidance and was helped by higher renewals than the company predicted. Premium subscribers rose by 15% to 210 million, compared to 182 million a year ago (and 205 million last quarter), and ad-supported users rose 26% to 317 million from 252 million a year ago (and 295 million last quarter). Source Link to comment Share on other sites More sharing options...
magazine Posted April 25, 2023 Share Posted April 25, 2023 But have they finally made profit? Link to comment Share on other sites More sharing options...
Carry My Heart Posted April 25, 2023 Author Share Posted April 25, 2023 Just now, magazine said: But have they finally made profit? $3 billion in revenue per the article. Link to comment Share on other sites More sharing options...
Selegend Posted April 25, 2023 Share Posted April 25, 2023 (edited) The fact that they've reached 100 million paid users april 2019, exactly 4 years ago. it's really kinda unfair to compare streaming stats of those who peaked in 2015-2019 from those who are peaking now, interesting. this gives a great perspective Edited April 25, 2023 by Selegend Link to comment Share on other sites More sharing options...
babyforlife Posted April 25, 2023 Share Posted April 25, 2023 5 minutes ago, Selegend said: The fact that they've reached 100 million paid users april 2019, exactly 4 years ago. it's really kinda unfair to compare streaming stats of those who peaked in 2015-2019 from those who are peaking now, interesting. this gives a great perspective but during those years YouTube is still big and a lot of artist can easily pulling 1B streams... Link to comment Share on other sites More sharing options...
Delirious Posted April 25, 2023 Share Posted April 25, 2023 18 minutes ago, Carry My Heart said: $3 billion in revenue per the article. revenue isnt net profit tho. net profit = revenue - expenses Link to comment Share on other sites More sharing options...
Carry My Heart Posted April 25, 2023 Author Share Posted April 25, 2023 (edited) 8 minutes ago, Delirious said: revenue isnt net profit tho. net profit = revenue - expenses Right BB didn't cite any figures besides overall revenue and user growth, so I just latched onto whatever. Here's a more elucidating Statista study. Edited April 25, 2023 by Carry My Heart Link to comment Share on other sites More sharing options...
JawBreaker Posted April 25, 2023 Share Posted April 25, 2023 No wonder Taylor is pulling 70m streams daily they streaming up a storm Link to comment Share on other sites More sharing options...
getBusy Posted April 25, 2023 Share Posted April 25, 2023 (edited) 40 minutes ago, magazine said: But have they finally made profit? "However, the company continues to lose money, reporting a loss of €225M ($248M) for the quarter." Source. Edited April 25, 2023 by getBusy Link to comment Share on other sites More sharing options...
Zoomer Posted April 25, 2023 Share Posted April 25, 2023 But ATRL told me that everyone was migrating to Apple Music, what went right? Link to comment Share on other sites More sharing options...
Gabe² Posted April 26, 2023 Share Posted April 26, 2023 MPG Link to comment Share on other sites More sharing options...
Alldeezy Posted April 26, 2023 Share Posted April 26, 2023 Spotify users won Link to comment Share on other sites More sharing options...
imabadkid Posted April 26, 2023 Share Posted April 26, 2023 22 hours ago, magazine said: But have they finally made profit? lol MTE Link to comment Share on other sites More sharing options...
Miley Cyrus Posted April 26, 2023 Share Posted April 26, 2023 All users streamed Flowers Link to comment Share on other sites More sharing options...
John Slayne Posted April 26, 2023 Share Posted April 26, 2023 9 hours ago, Wizard said: how can a company stay operational if it loses hundreds of millions a year can someone educate me pls they have a lot of investors and the company is highly valued due it having so many users + paid subscribers. the company is expected to start making profit at some point, although god knows when that will be. some people think streaming services will collapse before they get to making profits, but at the moment they run on the promise to their investors based on stable/growing user base. Link to comment Share on other sites More sharing options...
boneyard Posted April 26, 2023 Share Posted April 26, 2023 imagine not using cracked spotify couldn't be me Link to comment Share on other sites More sharing options...
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