Pandemic Boosts Spotify's Q1 2021 Revenue by 16%

Technology & Telecommunications

Lite

Cindy Mutia Annur 29/06/2021 19:00 WIB

URL has been copied

Memuat...

Spotify reported a 16% year-over-year (YoY) increase in revenue.

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Pandemic Boosts Spotify's Q1 2021 Revenue by 16%

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Spotify Revenue Trend Q1 2020-2021

Download

Source

A Small Font
A Medium Font
A Bigger Font

The music streaming platform Spotify recorded revenue growth during the pandemic. According to its Q1 2021 report, Spotify's revenue reached €2,147 million, or approximately Rp7.18 trillion (using an exchange rate of €1 = Rp17,320). This represents a 16% year-on-year (YoY) increase compared to the same period in 2020.

Spotify's total revenue comprised revenue from premium subscribers, which grew by 14% YoY to €1,931 million, and advertising revenue, which grew by 46% YoY to €216 million.

Spotify's revenue increased by 9.77% from Q3 to Q4 2020. However, revenue decreased by 0.96% from Q4 2020 to Q1 2021.

During the first quarter of 2021, Spotify had a total of 356 million monthly active users (MAU). Meanwhile, the number of users who listened to ad-supported content reached 208 million.

The Swedish company stated that the largest proportion of monthly active listeners comes from Europe, at 34%. This is followed by North America at 24%, Latin America at 22%, and the rest of the world at 20%.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."