Spotify Beats Analysts' Expectations in First-Quarter Earnings: Here's How the Streaming Giant Performed
Tech Times - 2024-04-23T15:50:00.000Z

Spotify started 2024 on a high note with its impressive first-quarter performance, according to a recent report. The music-streaming giant even surpassed what analysts expected in the previous quarter.

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Today, we announced our first quarter 2024 earnings. In a solid start to the year, Spotify reported 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. “We’ve talked about
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Spotify Reports First Quarter 2024 Earnings — Spotify