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Spotify adds 5M premium users and hits record operating income
Spotify reported on Tuesday that its premium subscriber base grew by 5 million in the first quarter, representing a 12% increase year-over-year. This Spotify reported its premium subscriber base grew by 5M in the first quarter, marking the second-highest ever and the highest net addition for Q1 since 2020.
Spotify reported on Tuesday that its premium subscriber base grew by 5 million in the first quarter, representing a 12% increase year-over-year. Notably, its recently launched Spotify Partner Program has paid out more than$100 million to podcast creators in the first quarter. Most recently, Spotify rolled out its AI Playlist offering to over 40 markets, including the Bahamas, Fiji, Ghana, Jamaica, Kenya, Singapore, and more.
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