“We are pleased with our performance in Q1, as nearly all of our KPIs were in-line to ahead of guidance.” — Spotify earnings report [HERE]
Global streaming behemoth Spotify released its Q1 finance/product update for the first quarter, clearly pleased with its results across earnings, subscriber data, user count, and all reported financial indicators.
Investors appeared to be vigorously pleased:
“Engagement remains high, retention is strong, and thanks to our freemium model, people have the flexibility to stay with us even when things feel more uncertain. So yes, the short term may bring some noise, but we remain confident in the long-term story, and the direction we’re heading in feels clearer than ever.” –Daniel Ek, CEO, Spotify
