Q1 2020

Spotify subscribers hit 130 million, a 31% increase year on year, according to its recently released Q1 2020 financial results. Monthly Active Users (MAU) increased 31% to 286 million. But despite a 22% increase in revenue of €1,848 million in the quarter, Spotify reported an operating loss of €17 million. The streamer reported that it now has over 1 million titles on its platform and highlighted the acquisition of Bill Simmons’ The Ringer sports and […]