Spotify adds 5M premium users and hits record operating income do sex sex to

Apr, 29 2025 16:08 PM

Spotify reported on Tuesday that its premium subscriber base grew by 5 million in the first quarter, representing a 12% increase year-over-year. This brings the total to 268 million, marking the second-highest total ever and the highest net addition of paid subs for a first quarter since 2020. Spotify also reported a record-high quarterly operating income of €509 million, or around $528 million. However, this was below the company’s guidance of €548 million ($625 million). Total revenue jumped 15% year-over-year to €4.2 billion ($4.8 billion). Additionally, the music streaming giant now has a total of 678 million monthly active users (MAUs) and 423 million ad-supported MAUs. The numbers come on the heels of the company’s profitability milestone last quarter, when it reported operating income of €477 million ($509.48 million). Spotify remains a top player in the music streaming industry, successfully beating competitors like Apple Music and Amazon Music. Plus, the company has been chasing YouTube with its push into video podcasts, with 330,000 shows now on the platform. Notably, its recently launched Spotify Partner Program has paid out more than $100 million to podcast creators in the first quarter. Most recently, Spotify rolled out its AI Playlist offering to over 40 markets, including the Bahamas, Fiji, Ghana, Jamaica, Kenya, Singapore, and more. Topics Apps, earnings, music streaming service, Spotify Lauren Forristal Lauren covers media, streaming, apps and platforms at TechCrunch. View Bio Most Popular Alibaba unveils Qwen3, a family of ‘hybrid’ AI reasoning models Kyle Wiggers Hugging Face releases a 3D-printed robotic arm starting at $100 Kyle Wiggers OpenAI upgrades ChatGPT search with shopping features Maxwell Zeff Temu adds ‘import charges’ after Trump tariffs Aisha Malik Meet the companies racing to build quantum chips Anna Heim From coding tests to billion-dollar startups, Ali Partovi’s eight-year experiment is paying off Connie Loizos Bezos-backed Slate Auto debuts analog EV pickup truck that is decidedly anti-Tesla Sean O'Kane

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Spotify adds 5M premium users and hits record operating income do sex sex to

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