4/28, 12:01 PM (Source: TeleTrader)
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Spotify's monthly active users reach 356M in Q1, up 24%

Spotify Technology S.A. reported on Wednesday that its number of total monthly active users (MAU) for the first quarter of 2021 climbed 24% year-over-year to 356 million. Compared to the previous quarter the increase in total MAUs is 3%.

In the first quarter, 4 million premium subscribers were added which constitutes a per annum growth of 21% and the number of premium subscribers now stands at 158 million. Over the period a total of 11 million MAUs were added.

Total revenue grew 16% compared to last year to €2.15 billion. Premium revenue increased by 14% to €1.93 billion, while Ad-supported revenue rocketed to €216 million surging 46% year-on-year.

Spotify shares decreased 1.68% in the premarket trade following the release of the report.

Breaking the News / OL