Spotify released its first earnings report: Q1 revenue 1 billion 140 million euro deficit 170 million

category:Internet
 Spotify released its first earnings report: Q1 revenue 1 billion 140 million euro deficit 170 million


Subscriber revenue in the quarter was 1 billion 37 million euros, up 25% over the same period last year. In view of the continuous development of family and student program and the expansion of new market business, the average revenue per user was 4.72 euros, down 14% compared to the same period last year. The number of active users in Spotify this month was 170 million, an increase of 30% over the previous year, and subscribers reached 75 million, an increase of 45% over the same period. In addition, advertising revenue in the first quarter was 102 million euros, an increase of 38% over the same period last year. The company said the advertising business was mainly sold through its own channels, but Programmatic grew more than expected, almost doubling; the mobile platform advertising revenue continued to grow, occupying big advertising revenue. From the product point of view, video is the companys fastest growing revenue source, and audio is still our biggest source of income, and continues to maintain steady growth. On the user data, Spotifys monthly active users (MAU) were 170 million, up from 131 million in the same period last year and 157 million in the fourth quarter of last year. The number of subscribers to pay is 75 million, up from 52 million in the same period last year and 71 million in the fourth quarter of last year, and more than the number of 40 million subscribers for AppleMusic in the first quarter. The gross profit rate of the company was 24.9%, higher than previously expected; the operating loss was 41 million euros, accounting for about 4% of the total revenue, better than previously expected, mainly due to the gross margin of operating activity exceeded expectations. In addition, the companys free cash flow reached 74 million euros in the first quarter. (Han Bing) source: NetEase science and technology report editor: Wang Fengzhi _NT2541 On the user data, Spotifys monthly active users (MAU) were 170 million, up from 131 million in the same period last year and 157 million in the fourth quarter of last year. The number of subscribers to pay is 75 million, up from 52 million in the same period last year and 71 million in the fourth quarter of last year, and more than the number of 40 million subscribers for AppleMusic in the first quarter. The gross profit rate of the company was 24.9%, higher than previously expected; the operating loss was 41 million euros, accounting for about 4% of the total revenue, better than previously expected, mainly due to the gross margin of operating activity exceeded expectations. In addition, the companys free cash flow reached 74 million euros in the first quarter. (Han ice)