The first quarter of 2022 turned out to be a success for Spotify as the company reported 422 million monthly active users. The Stockholm-based company also revealed in its latest earnings report that its premium subscribers base grew 15% up to 182 million even despite the fact that the company disconnected about 1.5 million free users and 600,000 premium subscribers from Russia.
Europe remains to be the largest market for Spotify (33%). North America and Latin America placed second (23%) and third (22%) respectively. The company stressed it has also concluded a multiyear partnership with Google for User Choice Billing, expanding payment methods for Android. Although no timetable was revealed, the company anticipates the new offering to be launched later this year.
Besides Google, Spotify also partnered with Walmart and Airtel, India's largest telecom service provider.
Spotify also reported slim revenue of €14 million (~$14.7 million) in Q1, but that might be due to the finalization of various office build-outs and partnerships with big brands.
As To The Moon reported earlier this month, Spotify closed its creator fund for Greenroom without any public explanation. According to reports, the company emailed those who had registered to the fund to say they would not get any paychecks.