SPOTIFY Q1 BEATS EXPECTATIONS WITH 761M USERS

The streaming giant added 12% more users compared to the same period last year, driven by growth across regions. Premium subscriber count climbed 9% year-over-year to 293 million, reflecting sustained demand for paid tiers. Operating income reached €715 million in Q1, demonstrating improved profitability as Spotify scales. The results underscore the company's ability to grow its user base while maintaining pricing discipline, a key focus after years of investment in podcast content. The stronger-than-expected user growth comes as Spotify continues balancing content acquisition costs with revenue expansion. The company's premium subscriber growth, while solid, remains modest compared to overall MAU gains, indicating a large pool of free-tier users the platform continues to monetize.