Spotify Hit 158 Million Paid Subscribers At End of March
hollywoodreporter.comMusic-streaming giant Spotify said on Wednesday that it ended the first quarter with 158 million premium, or paid, subscribers, hitting the high end of its forecast range, and 356 million total active monthly users, "within our guidance range but modestly below our internal expectations." The figures were up from 155 million premium users as of the end of 2020 and 345 million total users.For the first quarter, Spotify management had predicted monthly active users (MAUs) to grow to 354-364 million, with premium subscribers to reach 155-158 million. "We saw greater MAU variability this quarter, but results were within our range of expectations given the outperformance in the fourth quarter and the continued impact from COVID-19," the company.
Read more on hollywoodreporter.com