Spotify saw a 31% YoY increase in MAUs to 271 million, a 200% YoY growth in podcast hours streamed, and a 29% YoY growth in Premium subscribers to 124 million in Q4 2019. Revenue grew 25% YoY to €1.85 billion, with Premium revenues "slightly better" and subscription revenue slightly weaker than forecast. Premium revenue was up 24% YoY to €1.63 billion, and ad revenue was up 23% YoY to $217 million. Trends in MAU growth, and implications: In terms of MAUs, growth "picked up again" across Europe, North America, and Latin America, while the Rest of the World remains Spotify's fastest growing region. Spotify is sticking to making only conservative estimates for 2020 as its data, especially around podcasts is reasonably new. This is despite the fact that MAU growth, which has been consistently growing at Spotify in 2019, typically converts to Premium subscribers. User retention is up in all of Spotify's top 20 markets. Conversion of MAUs growth to paid subscriptions fluctuates, bEk said. "But in general what we've seen in history is that when we see top of funnel growth in MAU growth, we see conversion come to Premium over time," he said, adding that "then we see the benefits on the revenue side from more subscribers and more advertising inventory". ARPU for Premium business was down 5% YoY to €4.65 due to extending the free trial to all plans. The most important thing right now is to grow users and subscribers, and "we will continue to stress…
- RBI increases UPI and recurring transaction limits for certain categories December 8, 2023
- The Quantum Hub discusses concerns on age verification and children’s data processing under India’s data protection law December 8, 2023
- India’s central bank to set up cloud facility for financial sector December 8, 2023
- Navigating the Complexities of Open Source AI: Insights from Carnegie India Summit December 8, 2023
- Supreme Court Dismisses Plea by Foundation for Media Professionals on Internet Shutdowns December 8, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...