1/31/2024 0 Comments Spotify subscription![]() According to TechCrunch, investors weren’t particularly impressed with the projected loss of another 600,000 subscribers from Russia or the slightly lower gross margin, but Spotify is looking pretty solid. Make and share your own playlists, or listen to Spotifys curated. The company also scored some key partnerships and launch new product features, while also securing a long-awaited deal with Google on billing. Operating Profit/Loss €(197) million, or $(207.08) million U.S.ĭespite the controversy around Joe Rogan over COVID misinformation, the company’s exit from Russia, and the service outage, Spotify managed to grow revenue and subscribers during the first quarter of 2022.Total Revenue: €2.80 billion, or $2.94 billion U.S.Spotify provided the following guidance for the second quarter of the year: In March, Spotify shared they developed a long-term partnership with FC Barcelona Spotify as their official audio streaming partner. In addition, Spotify announced a partnership with Walmart, giving six-month free trials to Walmart+ members in the United States.ĭuring the first quarter, Spotify announced their acquisition of Podsights to help advertisers measure and scale podcast advertising and Chartable, a podcast analytics platform. Users who download Spotify from the Google Play Store will be available to pay via Spotify or Google Play Billing, the first time they’ve been offered such a choice. Spotify provided the following operational highlights for the first quarter:Īs previously reported, Spotify and Google reached a multiyear agreement with Google for User Choice Billing, giving Android users more choices in payment options and creating a frictionless user experience for all in-app transactions. Podcast revenue strength was led by the Spotify Audience Network along with continued growth across existing Spotify studios and our exclusive licensing deals,” said Spotify. Music Ad-Supported Revenue benefited from a Y/Y increase in impressions and healthy double-digit growth in CPMs. “We achieved our largest Q1 ever for Ad-Supported Revenue (11% of Total Revenue) and saw strong Y/Y growth across all regions and channels. Growth was higher than expected in Latin America and Europe. Growth in premium subscribers was below guidance, but the company attributes part of this to the loss of 1.5 million subscribers when the service left Russia. Contributing to Spotify’s success was its strong global subscriber base as of the first quarter of 2020, the music streaming platform had 100 million subscribers worldwide.MAU growth was strong among Gen Z users because of new product features and marketing and content initiatives.Gross Margin was 25.2%, Premium Gross Margin was 28.4%, and Ad-Supported Gross Margin was (1.5)%.Premium ARPU was €4.38, or $4.60, an increase of 6% year-over-year.Ad-supported revenue was €282 million, or $296.43 million U.S., an increase of 31% year-over-year.Premium revenue was €2.379 billion, or $2.50 billion U.S., a 23% increase year-over-year.Spotify reported total revenue of €2.661 billion, or $2.8 billion U.S., a 24% increase year-over-year.Spotify shared the following highlights for the first quarter of 2022: You can still access subscription-only content until your next renewal date, then it will be locked again.Spotify premium users by region. You can find the link in an email we’ve already sent you, or wait until the next one arrives. We include a cancel link in our monthly email which confirms your next podcast subscription payment. Your payment automatically renews at the end of the subscription period, unless you cancel before the renewal date.įor more information, visit the Spotify for Podcasters help center. Or, copy the Private RSS Link and paste it into any podcast app.To unlock the podcast and listen, either:.Find the subscribe link in the show description.Note: Podcast paid subscriptions are independent from Spotify Premium subscriptions. Look for on shows that are subscription-only. ![]() Support your favorite podcasters and get exclusive content in return by subscribing to their shows, with Anchor and Spotify.
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