Spotify Sees Q1 Total MAUs 618M, Total Premium Subscribers 239M, Total Revenue €3.6B vs €3.673B Est.
Portfolio Pulse from Benzinga Newsdesk
Spotify reported Q1 results with 618 million Monthly Active Users (MAUs), 239 million Premium Subscribers, and total revenue of €3.6 billion, slightly below the estimated €3.673 billion.
February 06, 2024 | 11:08 am
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Spotify's Q1 earnings report showed growth in users and subscribers but a slight miss in revenue expectations.
While Spotify's growth in MAUs and Premium Subscribers is positive, the slight miss in revenue expectations could temper investor enthusiasm in the short term. However, the continued user growth suggests a strong underlying business model, potentially offsetting the negative impact of the revenue miss.
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