{"id":97415,"date":"2023-04-25T11:09:14","date_gmt":"2023-04-25T11:09:14","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2023\/04\/25\/spotify-reports-first-quarter-2023-earnings-spotify\/"},"modified":"2023-04-25T11:09:14","modified_gmt":"2023-04-25T11:09:14","slug":"spotify-reports-first-quarter-2023-earnings-spotify","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2023\/04\/25\/spotify-reports-first-quarter-2023-earnings-spotify\/","title":{"rendered":"Spotify Reports First Quarter 2023 Earnings \u2014 Spotify"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Today, Spotify introduced our first quarter 2023 monetary efficiency, displaying outperformance throughout almost all key efficiency metrics. Take a take a look at the highlights under:<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-22482\" src=\"https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_1x-1024x576.png\" alt=\"\" width=\"1024\" height=\"576\" srcset=\"https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_1x-1024x576.png 1024w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_1x-300x169.png 300w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_1x-768x432.png 768w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_1x-1536x864.png 1536w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_1x-1440x810.png 1440w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_1x.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><br \/><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-22483\" src=\"https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_11x-1024x576.png\" alt=\"\" width=\"1024\" height=\"576\" srcset=\"https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_11x-1024x576.png 1024w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_11x-300x169.png 300w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_11x-768x432.png 768w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_11x-1536x864.png 1536w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_11x-1440x810.png 1440w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_11x.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><br \/><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-22484\" src=\"https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_21x-1024x576.png\" alt=\"\" width=\"1024\" height=\"576\" srcset=\"https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_21x-1024x576.png 1024w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_21x-300x169.png 300w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_21x-768x432.png 768w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_21x-1536x864.png 1536w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_21x-1440x810.png 1440w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_21x.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><br \/><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-22485\" src=\"https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_31x-1024x576.png\" alt=\"\" width=\"1024\" height=\"576\" srcset=\"https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_31x-1024x576.png 1024w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_31x-300x169.png 300w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_31x-768x432.png 768w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_31x-1536x864.png 1536w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_31x-1440x810.png 1440w, https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Card-16-9_31x.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/p>\n<p><span style=\"font-weight: 400;\">We had our strongest Q1 since going public in 2018, with almost all our KPIs surpassing expectations:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Monthly Active Users<\/b><span style=\"font-weight: 400;\"> grew by 22% year-over-year to 515 million pushed by energy in each developed and growing markets, and almost all age teams.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Premium Subscribers<\/b><span style=\"font-weight: 400;\"> grew 15% year-over-year to 210 million with outperformance throughout all areas, led by Europe and Latin America.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Total Revenue <\/b><span style=\"font-weight: 400;\">grew 14% year-over-year to \u20ac3.0 billion, led by Subscriber positive factors.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Gross Margin <\/b><span style=\"font-weight: 400;\">completed at 25.2%, reflecting improved music and podcast profitability. <\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Operating (Loss)\/Income<\/b> completed at \u20ac(156) million, aided by decrease advertising and marketing spend.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Interested in listening to extra? Click <\/span><a href=\"https:\/\/investors.spotify.com\/files\/doc_financials\/2023\/Shareholder-Deck-Q1-2023-FINAL.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">right here<\/span><\/a><span style=\"font-weight: 400;\"> to evaluation the complete earnings launch and take heed to the webcast Q&amp;A on our Investor Relations web site <\/span><a href=\"https:\/\/investors.spotify.com\/events\/default.aspx#featured-events\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">right here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Click under to take a look at a <\/span><span style=\"font-weight: 400;\">sizzle reel of audio trailers from a couple of of our latest unique and unique podcasts.<\/span><\/p>\n<p><!--[if lt IE 9]><![endif]--><br \/>\n<audio class=\"wp-audio-shortcode\" id=\"audio-22481-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Spotify-Earnings-Podcast-Trailers-Q1-2023.mp3?_=1\"\/><a href=\"https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Spotify-Earnings-Podcast-Trailers-Q1-2023.mp3\" target=\"_blank\" rel=\"noopener\">https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Spotify-Earnings-Podcast-Trailers-Q1-2023.mp3<\/a><\/audio>\n                <\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Today, Spotify introduced our first quarter 2023 monetary efficiency, displaying outperformance throughout almost all key efficiency metrics. Take a take a look at the highlights under: We had our strongest Q1 since going public in 2018, with almost all our KPIs surpassing expectations: Monthly Active Users grew by 22% year-over-year to 515 million pushed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":97417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":{"0":"post-97415","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-spotify"},"_links":{"self":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/97415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=97415"}],"version-history":[{"count":0,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/97415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media\/97417"}],"wp:attachment":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=97415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=97415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=97415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}