Spotify Dubs 2024 ‘Year of Monetization' as Subscribers Surge 14% in Q1
SPOTSpotify(SPOT) PYMNTS·2024-04-24 03:26

Spotify is tuned in to upbeat earnings outcomes, marking a robust beginning to its designated “year of monetization” after a standout performance in 2023 characterized by significant revenue growth, margin expansion, and enhanced efficiency. First-quarter earnings released on Tuesday (April 23) showed significant increases across key metrics, with monthly active users (MAU) surging by 19% year-over-year to 615 million and subscribers rising by 14% to 239 million — record user growth in the streaming giant’s ...