In terms of revenue, the Spotify earnings report shows that its total revenue increased 33% Y-O-Y to $1.69 billion (1.51 billion euros). For perspective, MAUs were at 173 million in Q1 2018. Meanwhile, Spotify premium subscribers hit the 100 million mark, as previously mentioned. In the Spotify earnings report, it shows that MAUs hit 217 million in the Q1 2019. “It’s really all about growth.” And boy did the company grow.
“Competition is just not a big factor for us,” says Daniel Ek, Spotify CEO.
While the company has surpassed its rival, one many thought was putting pressure on it, the Stockholm, Sweden-based company isn’t even thinking about that. Today, Spotify, a leading streaming platform, said it’s hit 100 million paid subscribers, which means it has double the number of subscribers of Apple Music. Spotify Earnings Shoots SPOT Stock into the Green On Monday, April 29, SPOT stock fluctuated between green and red after Spotify Technology SA (NYSE:SPOT) released its Q1 earnings report. The Spotify earnings report is out in the world, and it’s better than expected.
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