{"id":95677,"date":"2023-04-26T13:00:00","date_gmt":"2023-04-26T12:00:00","guid":{"rendered":"https:\/\/routenote.com\/blog\/?p=95677"},"modified":"2023-04-26T11:54:42","modified_gmt":"2023-04-26T10:54:42","slug":"spotify-q1-2023","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/spotify-q1-2023\/","title":{"rendered":"Spotify just passed half a billion users! Q1 2023 report"},"content":{"rendered":"\n<h2 style=\"user-select: auto;\"><span style=\"color: #3366ff; user-select: auto;\">Spotify just posted their first quarter 2023 earnings, updating the numbers of both their monthly active user and Premium subscribers.<\/span><\/h2>\n\n\n\n<p>Spotify&#8217;s Q1 2023 financial performance shows yet another quarter of strong growth, with record high users and subscribers.<\/p>\n\n\n\n<p>As shown in the graphic above, Spotify&#8217;s monthly active users are now at 515 million, <a style=\"user-select: auto;\" href=\"https:\/\/routenote.com\/blog\/spotify-q4-2022\/\">up from 489 million last quarter<\/a> and up 22% <a style=\"user-select: auto;\" href=\"https:\/\/routenote.com\/blog\/users-and-subscribers-on-spotify\/\">year-over-year<\/a>. This is the first time any music streaming service has passed half a billion users! Paying Spotify Premium subscribers reached 210 million at the end of March this year. <a style=\"user-select: auto;\" href=\"https:\/\/routenote.com\/blog\/spotify-200-million-subscribers\/\">This comes after they surpassed the 200 million mark<\/a> in <a style=\"user-select: auto;\" href=\"https:\/\/routenote.com\/blog\/spotify-q4-2022\/\">Q4 2022<\/a> and is up 15% <a style=\"user-select: auto;\" href=\"https:\/\/routenote.com\/blog\/users-and-subscribers-on-spotify\/\">year-over-year<\/a>.<\/p>\n\n\n\n<p>These numbers come alongside the infographics below, highlighting the biggest features Spotify announced in Q1 2023. These include <a style=\"user-select: auto;\" href=\"https:\/\/routenote.com\/blog\/spotify-in-south-korea-arrived-two-years-ago-has-it-been-a-success\/\">celebrating two years since launching in South Korea<\/a>, and of course <a style=\"user-select: auto;\" href=\"https:\/\/routenote.com\/blog\/spotify-announce-at-stream-on-2023\/\">the updates that came at Spotify&#8217;s second Stream On event in March,<\/a> which brought with it artist promotional tools like <a style=\"user-select: auto;\" href=\"https:\/\/routenote.com\/blog\/spotify-showcase\/\">Showcase<\/a> and <a style=\"user-select: auto;\" href=\"https:\/\/routenote.com\/blog\/discovery-mode-with-routenote\/\">Discovery Mode<\/a>, as well as other new features like <a style=\"user-select: auto;\" href=\"https:\/\/routenote.com\/blog\/countdown-page-for-spotify-presave\/\">Countdown Pages<\/a>, <a style=\"user-select: auto;\" href=\"https:\/\/routenote.com\/blog\/what-are-clips-on-spotify\/\">Spotify Clips<\/a>, <a style=\"user-select: auto;\" href=\"https:\/\/routenote.com\/blog\/spotifys-new-ai-dj\/\">AI DJ<\/a>, and a <a style=\"user-select: auto;\" href=\"https:\/\/routenote.com\/blog\/spotify-for-mobile-redesign-tiktok-clone\/\">redesigned mobile interface<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-gallery aligncenter columns-1 is-cropped\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" width=\"1920\" height=\"1080\" src=\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2023\/04\/1.png\" alt=\"\" data-id=\"95681\" data-link=\"https:\/\/routenote.com\/blog\/?attachment_id=95681\" class=\"wp-image-95681 lazyload\"\/><\/figure><\/li><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" width=\"1920\" height=\"1080\" src=\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2023\/04\/2-1.png\" alt=\"\" data-id=\"95682\" data-link=\"https:\/\/routenote.com\/blog\/?attachment_id=95682\" class=\"wp-image-95682 lazyload\"\/><\/figure><\/li><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" width=\"1920\" height=\"1080\" src=\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2023\/04\/4.png\" alt=\"\" data-id=\"95683\" data-link=\"https:\/\/routenote.com\/blog\/?attachment_id=95683\" class=\"wp-image-95683 lazyload\"\/><\/figure><\/li><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" width=\"1920\" height=\"1080\" src=\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2023\/04\/3.png\" alt=\"\" data-id=\"95684\" data-link=\"https:\/\/routenote.com\/blog\/?attachment_id=95684\" class=\"wp-image-95684 lazyload\"\/><\/figure><\/li><\/ul><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p><a style=\"user-select: auto;\" href=\"https:\/\/newsroom.spotify.com\/2023-04-25\/spotify-reports-first-quarter-2023-earnings\/\">In their blog,<\/a> Spotify went on to say that this is their strongest Q1 since going public in 2018:<\/p>\n\n\n\n<ul><li><strong>Monthly Active Users<\/strong> grew by 22% year-over-year to 515 million driven by strength in both developed and developing markets, and nearly all age groups.&nbsp;<\/li><li><strong>Premium Subscribers<\/strong> grew 15% year-over-year to 210 million with outperformance across all regions, led by Europe and Latin America.<\/li><li><strong>Total Revenue <\/strong>grew 14% year-over-year to \u20ac3.0 billion, led by Subscriber gains.<\/li><li><strong>Gross Margin <\/strong>finished at 25.2%, reflecting improved music and podcast profitability.<\/li><li><strong>Operating (Loss)\/Income<\/strong> finished at \u20ac(156) million, aided by lower marketing spend.<\/li><\/ul>\n\n\n\n<p><a style=\"user-select: auto;\" href=\"https:\/\/s29.q4cdn.com\/175625835\/files\/doc_financials\/2023\/Shareholder-Deck-Q1-2023-FINAL.pdf\">Find the full earnings release here,<\/a> or <a href=\"https:\/\/investors.spotify.com\/events\/default.aspx#featured-events\">the webcast Q&amp;A on Spotify&#8217;s Investor Relations site here.<\/a> As usual, Spotify also posted a sizzle reel of audio trailers from the latest original and exclusive podcasts.<\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/04\/Spotify-Earnings-Podcast-Trailers-Q1-2023.mp3?_=1\"><\/audio><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong style=\"user-select: auto;\"><a href=\"https:\/\/routenote.com\/blog\/can-i-upload-my-music-to-spotify-yes-and-its-free\/\">Join in on the fun at Spotify, by uploading there for free with RouteNote!<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spotify just posted their first quarter 2023 earnings, updating the numbers of both their monthly active user and Premium subscribers.<\/p>\n","protected":false},"author":9,"featured_media":95681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[825],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spotify just passed half a billion users! Q1 2023 report - RouteNote Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/spotify-q1-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spotify just passed half a billion users! Q1 2023 report - RouteNote Blog\" \/>\n<meta property=\"og:description\" content=\"Spotify just posted their first quarter 2023 earnings, updating the numbers of both their monthly active user and Premium subscribers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/routenote.com\/blog\/spotify-q1-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"RouteNote Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-26T12:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-26T10:54:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2023\/04\/1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tom Newman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/routenote.com\/blog\/#organization\",\"name\":\"RouteNote\",\"url\":\"https:\/\/routenote.com\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/routenote.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg\",\"contentUrl\":\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"RouteNote\"},\"image\":{\"@id\":\"https:\/\/routenote.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/routenote.com\/blog\/#website\",\"url\":\"https:\/\/routenote.com\/blog\/\",\"name\":\"RouteNote Blog\",\"description\":\"The World of Digital Music - Distribution - Stores and Free Music\",\"publisher\":{\"@id\":\"https:\/\/routenote.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/routenote.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/routenote.com\/blog\/spotify-q1-2023\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2023\/04\/1.png\",\"contentUrl\":\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2023\/04\/1.png\",\"width\":1920,\"height\":1080,\"caption\":\"Spotify Q1 2023: Growing Users & Subscribers\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/routenote.com\/blog\/spotify-q1-2023\/#webpage\",\"url\":\"https:\/\/routenote.com\/blog\/spotify-q1-2023\/\",\"name\":\"Spotify just passed half a billion users! 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