Spotify Q1 Total MAUs 615M, Up 19% YoY, Premium Subscribers 239M, Up 14% YoY
Portfolio Pulse from Benzinga Newsdesk
Spotify reported a 19% year-over-year increase in total monthly active users (MAUs) reaching 615 million, and a 14% year-over-year increase in premium subscribers totaling 239 million for Q1.
April 23, 2024 | 10:05 am
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POSITIVE IMPACT
Spotify's Q1 earnings show significant growth in both total monthly active users and premium subscribers, indicating strong performance and potential revenue growth.
The reported increases in both monthly active users and premium subscribers are key indicators of Spotify's market strength and potential for increased revenue. This positive performance is likely to be viewed favorably by investors, potentially leading to a short-term uptick in SPOT's stock price.
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