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.
You may also like:
Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings
The Kroger Co. (NYSE: KR), a leading grocery retailer that operates both in-store and online, will be reporting earnings this week. The company, which is preparing to acquire rival retailer
Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative