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Podcast: Podnews Daily - podcast industry news
Episode: Spotify shows off 10% more users in Q1/25 financials
Description: Sponsored by Magellan AI. Heading to The Podcast Show in London? Meet with Magellan AI
Spotify released its Q1/25 financial update. Making more than US$1.4bn profit in the quarter, the company saw a year-on-year growth of 10% monthly-active users to 678 million; 12% growth in premium subscribers (268 million), and 15% growth in total revenue (US $4.7bn). In the prepared comments to investors, Daniel Ek raised concerns about increased economic uncertainty in the world; and bragged that the company can now add new features to their apps six times faster.
Investor Chris Peterson suggests that the results show “podcasts are leading th...