Music Streaming Service Spotify Attracts More Users

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Music streaming service Spotify Technology has attracted more users in the first quarter, despite the outcry earlier this year about comedian Joe Rogan’s podcasts.

 

The originally Swedish company now has 422 million monthly active users, an increase of 19 percent compared to a year earlier.

Of those, 182 million are paid subscribers. Spotify came into disrepute early this year after several major artists, such as singer Neil Young decided to remove their music from the service. According to the musicians and other critics, Rogan would spread disinformation about the coronavirus in his Spotify podcast.

Spotify has also withdrawn from Russia because of the war in Ukraine. As a result, the company lost 1.5 million paying subscribers. In addition, Spotify still had to deal with a malfunction in March.

Spotify, listed on the New York stock exchange, expects the number of monthly active users to grow to 428 million in the second quarter, of which 187 million are paying subscribers.

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