Spotify’s paid subscribers reach 182 million in Q1 2022 despite Russia exit

What you want to grasp

  • Spotify has launched its Q1 2022 complete income document, which displays a powerful efficiency in the previous quarter.
  • Premium subscribers larger 15% year-over-year in the primary quarter to reach 182 million.
  • The provider’s income reached €2.66 billion in Q1, surpassing estimates of €2.61 billion.

Spotify will have misplaced greater than $2 billion in marketplace price in the wake of the Joe Rogan backlash previous this yr, however its latest earnings report finds that the talk had no unfavorable affect at the industry.

During the primary quarter of 2022, Spotify’s paid subscribers grew 15% year-over-year to reach 182 million, up from 158 million in the similar length ultimate yr.

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