Spotify Q1: 1B Euros; total revenue +20%; 615M monthly users

Spotify’s Q1 earnings report provides clear bragging points for Spotify:

  • Monthly Active Users grew 19% Y/Y to 615 million.
  • Subscribers increased 14% Y/Y to 239 million.
  • Total Revenue was up 20% Y/Y to €3.6 billion.
  • Gross Margin reached 27.6%.
  • Operating Income improved to €168 million.

Some of those metrics are graphically rephrased in the following graph which also includes a few new product releases.

Brad Hill