It also suspended services in Russia this quarter.
In the quarter ending March 31st, Spotify says its premium subscribers rose 15 percent on a year-on-year basis to 182 million, up from 180 million the previous quarter. Monthly active users rose 19 percent year-on-year to 422 million, up from 406 million at the end of last year. For context, in the previous quarter premium subscribers rose 16 percent year-on-year, while monthly active users were up 18 percent.
Spotify had previously expected to hit 183 million premium subscribers this quarter, but slightly missed this target as a result of withdrawing from the Russian market. “Excluding the impact of our exit from Russia, subscriber growth exceeded expectations” the company said in its press release.Spotify’s subscriber growth does not appear to have meaningfully slowed down as a result of the Joe Rogan controversy, which engulfed the company this financial quarter.
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