Despite Covid-19 Spotify grew its subscribers to 130m in Q1 2020
Posted on: 29 avril 2020, by : Stuart Dredge

With recent reports that audio music streams had fallen during the Covid-19 pandemic, we’ve been waiting for Spotify’s Q1 2020 financial results with a mixture of anticipation and trepidation. Would they reveal a decline in listening, but more importantly, about an impact on paid subscriptions?
The figures are out, and it’s good news – for now at least. Spotify ended Q1 with 130 million subscribers, up by 31% year-on-year, having added six million during the first quarter of this year.
Spotify ended the quarter with 286 million monthly active users, also up by 31% year-on-year, having added 15 million during Q1.
The post Despite Covid-19 Spotify grew its subscribers to 130m in Q1 2020 appeared first on Music Ally.
Source: Music ally

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