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Spotify: Engagement Is High Amid $100 Million Podcast Investment

  • Spotify CEO/Founder, Daniel Ek, confirms that engagement and retention on the platform remain strong amid global economic upheaval.
  • Spotify's Partner Program for video podcasters has enabled the company to pay out over $100 million to podcast creators in Q1 alone.
  • Spotify's subscriber base increased by 12% YoY, reaching 268 million, while monthly active user numbers rose 10% to 678 million.
  • The company's revenues in the first quarter rose 15% to €4.2 billion ($4.7 billion).

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