Spotify Sees 22 Percent Year-Over-Year Increase In Subscribers, 14% Revenue Rise In ...
SPOTIFY's financial report for first quarter 2023 trumpeted a 22% year-over-year increase in monthly active users to 515 million and a 15% rise in premium subscribers to 210 million while total revenue rose 14% to €3 billion. with premium revenue rising 14% to €2.7 billion. Operating loss widened from €6 million to €156 million, but free cash flow jumped from €22 million to €57 million. The subscriber numbers were above guidance, while the revenue results were ...
Source: allaccess.com