Spotify sees double-digit MAU growth with ‘meaningful contribution’ from US, India

Music streaming platform Spotify on Wednesday said its monthly active user (MAU) base has seen healthy double-digit growth in the March 2021 quarter over the year-ago period with “meaningful contributions” from markets such as the US, Russia, and India. The total monthly active users (MAU) for the platform grew 24% year-on-year to 356 million in the quarter, “finishing within our guidance range but modestly below our internal expectations”.

Spotify had guided for its total MAUs to be in the range of 354-364 million in the first quarter of 2021.

“In Q1, we added 11 million MAUs, which drove healthy double-digit Y/Y growth across all regions. We saw meaningful contributions from markets such as the US, Mexico, Russia, and India. However, growth was lower than plan in Latin America and Europe. In aggregate, the performance of our newly launched markets was in line with our expectations,” a statement said.