Earlier this year, Spotify introduced its new audio advertising marketplace, the Spotify Audience Network, which allows advertisers to reach audiences across Spotify’s ad-supported music and original and exclusive podcast programs, as well as third-party podcasts from Megaphone publishers, all in one place. Today, the company is launching access to the Spotify Audience Network to creators […]
Spotify Audience Network lands in UK, Australia and Canada with far-flung targeting thedrum.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedrum.com Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Spotify Technology S.A. Announces Financial Results for First Quarter 2021
April 28, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 28, 2021
Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the first fiscal quarter of 2021 ending March 31, 2021.
(Graphic: Business Wire)
Dear Shareholders,
We are pleased with our performance in Q1. The business delivered subscriber growth and Gross Margin at the top end of our guidance range, a continued improvement in ARPU, and operating income better than plan. We saw greater MAU variability this quarter, but results were within our range of expectations given the outperformance in Q4 and the continued impact from COVID-19. Revenue grew by 16% (22% excluding the impact of FX) and was at the upper end of our guidance range. Other highlights from the quarter include a successful launch in 86 new markets, a $1.5 billion Exchangeable Note
Following its launch in the Nigerian music streaming space, top streaming platform Spotify has notified advertisers of spots in its service for advertisement.
On February 23, Spotify launched its services in Nigeria and 80 new markets across Africa, Asia, Europe, Latin America, and the Caribbean to capture more audiences.
Serving as the brand’s local advertising sales partner is Ad Dynamo, and starting from today, brands can join the streaming platform’s self-serve channel, Spotify Ad Studio.
Its Nigerian audience will be served a wide range of music catalogues that include both local and international music ranging from over 70 million tracks accessible on various devices.
AOP's Richard Reeves on Stuff, Google vs US Publishers, and Spotify Audience Network exchangewire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from exchangewire.com Daily Mail and Mail on Sunday newspapers.