Rogan, a popular internet commentator, has since apologized and Spotify said it would start adding content advisories to episodes discussing Covid. The subscription music streaming service has invested over $1bn in the podcasting business, led by marquee exclusive shows such as The Joe Rogan Experience.īut the allure of the podcast star also drew condemnation after his show aired controversial views around Covid-19, drawing protests from artists Neil Young and Joni Mitchell. Revenue is expected to meet estimates of €2.60bn. The company, however, forecast current-quarter paid subscribers of 183m, below expectations of 184m. Total monthly active users rose 18% to a record 406m. The outlook overshadowed fourth-quarter revenue, which came in higher than analysts’ estimates, as the music streaming company sold more advertisements and newer services such as podcasts, while recording a healthy 16% increase in paid subscribers for its premium service. Shares pared losses and were down between 3% to 9% after the initial shock. we don’t expect a material difference in the net additions for either users or subscribers in 2022 relative to 2021,” Vogel told Reuters. “While we have not given full year guidance anymore on subscribers. In an interview with Reuters after the report, Spotify’s chief financial officer, Paul Vogel, said this year would not be that much different than last in terms of users and subscribers. The company’s shares fell as much as 18% in late trading after Spotify reported the subscriber outlook.
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