In context: Spotify in the commencement quarter of 2022 added 11 million new monthly agile users (MAUs) to its roster, pushing its total user count to 356 one thousand thousand and representing growth of 24 percent year over year. Growth has slowed a bit compared to what we saw last twelvemonth during the pandemic, simply that was largely to be expected given the circumstances.

Spotify said it finished within its guidance range but admitted that the number was below their internal expectations. Meaningful contributions came from markets like the Usa, Russia, Bharat and Mexico, while regions such as Latin America and Europe underperformed.

Of those 356 million members, Spotify said 158 million are of the premium (paying) multifariousness. The company added well-nigh 4 million paying subscribers in the quarter, near the height end of its guidance range, only still only an increment of near two percent compared to the previous quarter.

Advert-supported MAUs, meanwhile, climbed four percent in the quarter to 208 meg, but these users aren't well-nigh as lucrative as premium subscribers.

Looking at the financials, Spotify's total revenue for the 3-month period ending March 31, 2022, was €ii.15 billion, or roughly $2.6 billion – an increment of xvi percent compared to the aforementioned period a year before.

Spotify specifically mentioned The Joe Rogan Feel podcast for performing "to a higher place expectations with respect to new user additions and appointment." There's also the new Car Thing smart role player that Spotify announced before this month, although that won't show up on financial reports until Q2.

Turning its attending to the current quarter, Spotify said it expects to end Q2 with betwixt 366 one thousand thousand and 373 million total MAUs and full revenue between €two.xvi and €ii.36 billion.

Paradigm credit Mats Wiklund