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.
