AssetID: 53673822
Headline: Spotify Makes Profit As Premium Subscribers Increase
Caption: Although the company gained fewer new users than it anticipated in Q1 2024, Spotify boasted "record strength" in profitability, 'Variety' reports. "Moderating marketing activity" produced "more normalized growth," Spotify said. Compared to the same time last year, total active monthly users grew 19%.
Keywords: Spotify,Makes,Profit,Premium,Subscribers,Increase,Q1,Boasted,Record Strength,Profitability,Streaming,Music,Artist,Platfrms,Monthly,Users,Marketing,Activity,Gained,Fewer,CEO,Daniel Ek,Tech,Technology
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