Spotify expects €2.6bn Q1 revenues on FX tailwinds, after strong €2.7bn in Q4’21
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February 3, 2022612 views0 comments
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MAUs up 18% to 406m in Q4, sees 418m in Q1’22
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Premium subscribers grew 16% to 180m in Q4
In 2021 Spotify closed with a strong Q4 result led by outperformance in MAUs, continued momentum in its subscription business, and meaningful advertising results. Its total revenue grew 24 percent year on year to €2.68 billion in the last quarter of 2021 above the top end of guidance range due to significant strength in advertising and favourable FX movements. Also, revenue from premium subscribers also advanced 22 percent year on year to €2.29 billion in the same period while Ad-supported revenue was particularly strong, growing 40 percent year on year to €394 million.