The music streaming platform has 515 million users in the first quarter. A figure 22% higher than last year.
Spotify, the world’s number one audio platform, reached a new high of 515 million users at the end of the first quarter, up 22% from a year earlier, well above expectations, the Swedish group announced on Tuesday.
But the group considerably expanded its operating result from January to March, recording a loss of 156 million euros linked in particular to restructuring costs, compared to a loss of 6 million euros in the first quarter of 2022. Its turnover, driven due to the increase in the number of subscribers, it jumped 14% to 3 billion euros.
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Source: BFM TV
