The latest figures reiterate Spotify's dominance in subscription music around the world. Young's boycott came after hundreds of medical professions pointed to Rogan as they called on Spotify to tackle COVID misinformation more aggressively.
In late January, singer-songwriter Neil Young triggered a debate about the service's role in moderating the messages promoted on its service, as he pulled his music from Spotify over objections to COVID-19 vaccine misinformation on Rogan's podcast. Analysts were expecting guidance for 189 million total subscribers and 427.75 million listeners. Looking ahead to the second quarter ending in June, Spotify projected it would hit 187 million subscribers and reach 428 million monthly listeners. Believing certain users created new accounts to log back in, Spotify estimated the event led to about 3 million more monthly active listeners showing up in the quarter.Īnalysts on average were expecting Spotify to report 2.69 million new subscribers and 418.5 million monthly listeners, according to Refinitiv.
The latest figures coincide with the period that hashtags like #CancelSpotify were trending, sparked by artists' protests over COVID misinformation on Joe Rogan's popular podcast, but Spotify was also hit by a loss of 1.5 million subscribers because the service stopped operating in Russia, one of many companies that pulled out of the country following its invasion of Ukraine.Īnd Spotify said that its monthly active users would have clocked in at 419 million, had the service not experienced an outage that logged out some Spotify users involuntary. The increase in subscribers was slightly shy of expectations. Spotify also said 422 million people used its service at least once a month, which includes people who listen free with advertising. Spotify added 2 million new subscribers in the first quarter to hit 182 million paying members at the end of March, the music streaming service said Wednesday.
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