![]() ![]() ![]() This modest subscriber guidance, which represents just three million more paid users than Spotify had as of Q4 2021, appeared to contribute to a stock-price falloff last month for SPOT. Though these accounts generated a relatively small portion of revenue (Spotify’s monthly cost varies significantly by location), they could well prove meaningful in terms of the forecasted 183 million paid users that execs are banking on for Q1 2022. Plus, the former Barclays managing director emphasized that Spotify will remain live in Russia because “we think it’s really important that information is still flowing there.” Podcast listenership is up in the region, he elaborated, and the audio-entertainment business is “trying to continue to provide information and non-propaganda information as much as we can.”įrom there, the Spotify CFO acknowledged that his company will experience “a little bit of a hiccup” by losing the 1.5 million paid users at hand. ![]()
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