Categories Earnings, Leisure & Entertainment

Spotify (SPOT) Q1 Earnings: Key quarterly numbers and other highlights

Spotify Technology (NYSE: SPOT) today reported first quarter financial results for the period ended March 31, 2020.

Total Monthly Active Users (MAUs) grew 31% year-over-year to 286 million. Premium Subscribers at the end of the quarter was 130 million, up 31% year-over-year. Ad-supported MAUs grew 32% year-over-year to 163 million.

Total revenue increased 22% to €1,848 million.

As of March 31, 2020, Spotify has €1.8 billion in liquidity and expects to be free cash flow positive for the year.

Spotify Technology S.A. Announces Financial Results for First Quarter 2020

You may also like:

Most Popular

Stitch Fix (SFIX) Stock: Will the innovative biz model survive virus-led slump?

The business world is still struggling to come out of the virus-induced slowdown, but it seems almost every retail segment benefited from the pandemic at some point. The vaccination drive

General Mills (GIS): Three factors that are expected to help drive growth for the food company going forward

Shares of General Mills Inc. (NYSE: GIS) were up 3.2% on Wednesday after the company delivered better-than-expected results for the first quarter of 2022. Net sales rose 4% year-over-year to

IPO Alert: Allvue Systems sets IPO terms, to raise around $290 million

It is estimated that the alternative investments industry has expanded at a compound annual rate of 10.2% over the past ten years and had $11 trillion in assets under management

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top