
Spotify reports slow growth in Europe
Spotify says it expects total premium subscribers around 162 million to 166 million for the second quarter with a total revenue in a Euro 2.16 billion to Euro 2.36 billion. Spotify launched its services in 86 new countries in the first quarter and reports that growth in the US, Mexico, Russia, and India offset lower-than-expected growth in Latin America and Europe.
Premium subscribers, which account for most of the company’s revenue, were up 21% to 158 million from a year earlier which was more or less as the markets had expected.
Spotify revenue was Euro 2.15 billion for the the first quarter and up from 1.85 billion euros a year earlier.
Total monthly active increased 24% to 356 million.
Moonshot News is an independent European news website for all IT, Media and Advertising professionals, powered by women and with a focus on driving the narrative for diversity, inclusion and gender equality in the industry.
Our mission is to provide top and unbiased information for all professionals and to make sure that women get their fair share of voice in the news and in the spotlight!
We produce original content, news articles, a curated calendar of industry events and a database of women IT, Media and Advertising associations.