Daniel Ek Sweden city Stockholm, Sweden tv video film broadway Daniel Ek Sweden city Stockholm, Sweden

Spotify Sees Surge Of Streaming On TV, Game Consoles In Strong Q1

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deadline.com

By Jill Goldsmith Spotify shares jumped more than 12% Wednesday morning on stong quarterly numbers that showed a shift in listening patterns shifted solid subscriber growth last quarter amidst a global pandemic.

The Stockholm, Sweden-based music streaming giant said monthly average users jumped 31% to 286 million, including 130 million premium subscribers and 163 million ad-supported.

Listening through TV and game consoles jumped more than 50% last quarter from the year earlier in the U.S and 40% globally as drive-time streaming, listening on the go, at the gym fell, obviously, and advertising was soft.

CEO Daniel Ek noted on a conference call that consumers are “creating new habits” for listening at home, and that advertising is a

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