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Spotify Reports 12% Rise in Paid Subscribers for $4.5 Billion First Quarter Revenue

In Spotify's Q1 2025 earnings report, paid subscribers were up 12% and revenue jumped 15% for the quarter ended March 31.

“The underlying data at the moment is very healthy, engagement remains high, retention is strong,” Spotify founder and CEO Daniel Ek said in a statement. The company noted that this marked the highest gains for subscribers in the first quarter since 2020, when millions signed up for Spotify accounts at the start of the pandemic. The Financial Times reported last week (April 25) that Spotify is preparing to raise the monthly price of its individual subscriptions across Europe and Latin America by about one euro as soon as this summer.

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