Audio By Carbonatix
Spotify has reached 130 million paid subscribers, despite initial concerns over how the Covid-19 crisis could affect listening habits.
The music-streaming platform says it gained six million subscribers in the first quarter of 2020.
It said the figures fell into the higher end of what had been predicted before the coronavirus outbreak.
But analysts have warned Spotify's quarterly results may not be as positive as the company suggests.
Spotify said a double-digit rise in quarterly revenue had helped offset a decline in ad sales, which contributed less than 10% of its overall revenue.
“Despite all the turbulence around the world, we hit pretty much all the metrics,” chief executive Daniel Ek told Reuters.
The platform had begun to see a fall in user numbers in February among countries hit hardest by the virus, including Spain and Italy, he said.
But there had been a "meaningful recovery" over the past month.
Active users
The company said monthly active users had risen 31% in the quarter.
But Midia Research analyst Mark Mulligan told BBC News: "Checking an app once a month is not active usage.
"So daily active users and weekly active users are where scrutiny needs applying.
"Spotify says that the ratio of daily active users relative to monthly active users was 'strong' in the quarter."
"However, strong does not mean up - and the fact it was reported as higher than 12 months ago but with no reference to last quarter suggests ‘strong’ may not be that useful an adjective here."
Radio listening
Mr Mulligan also noted 28% of consumers in the US and 25% in the UK had been using their usual commute listening time now for other activities.
"It is after all possible to have falling streams but a growing user base, ie more people signing up but using the service less," he added.
Last month, Global, which owns Captial FM and talk station LBC, said online radio listening had jumped 15% since the UK's lockdown began.
"The figures indicate that the public is turning to radio in times of crisis," a Global spokeswoman said at the time.
Latest Stories
-
Parental Presence, Not Just Provision: Why active involvement in children’s education matters
5 minutes -
Ghana Embassy in Doha urges nationals to take shelter after missile attack
26 minutes -
Government’s macroeconomic stability commendable, but we need focus on SME growth – Victoria Bright
41 minutes -
Macro stability won’t matter without food self-sufficiency- Prof. Agyeman-Duah
48 minutes -
How Virtual Security Africa is strengthening safety at Mamprobi Polyclinic
1 hour -
Ghana on right track macroeconomically, but structural gaps remain – Fred Dzanku
1 hour -
ADB MD honoured for impactful leadership at PMI Ghana engagement
1 hour -
Bringing Ofori-Atta’s photo to Parliament and displaying it was unfair – Afenyo-Markin
2 hours -
Minority leader calls 24-Hour economy policy more PR than practical solution
2 hours -
Afenyo-Markin accuses government of using anti-corruption drive to target opponents
2 hours -
GPL: Kotoko announce new board of directors
2 hours -
Minority leader challenges government’s ‘one million jobs’ claim
2 hours -
Afenyo-Markin says entrepreneurs ‘worse off’ under Mahama, criticises GRA’s tax drive
3 hours -
Government too focused on gold, ignoring agriculture- Afenyo-Markin
3 hours -
Livestream: Newsfile discusses the SONA, vanishing ECG credits, ‘no-bed syndrome’
3 hours
