![]() ![]() Like a number of companies in the tech space and many other sectors, Spotify paused operations in Russia after the country invaded neighboring Ukraine. The number of paid subscribers hit 182 million, up a net 2 million from the previous quarter despite a loss of 1.5 million due to the company’s pullout in Russia. They signed the contract in December, 2020, just seven months after Spotify signed a multiyear deal with Rogan, reported to be more than 100 million, although unnamed sources told the New York. The tally accounts for 3 million users cut loose due to a service outage. The streaming audio giant reported 419 million monthly active users in the quarter ending March 31, up 19% over the prior-year period. Rogan who signed a 100 million deal giving Spotify exclusive rights to his show in 2020 has been at the center of growing backlash for repeatedly sharing and providing a platform for. “When I look out over the long term, in terms of the benefits and the margin profile of the podcasting business, nothing has changed at all in my mind in terms of optimism.” “We’re seeing that engagement on the platform,” he said. Vogel pointed to metrics at all-time highs, including the ratio of podcast listeners to total listeners, as well as total podcast streams. “We feel really good about the investments we’re making and the long-term implications they will have on our business and our shareholders.” ![]() Then, in May 2020, Spotify shook up the podcast world by offering Rogan an exclusive deal. Fans could tune in for free across podcast platforms or on YouTube. He launched The Joe Rogan Experience back in December 2009. “For investors, structurally, podcasting should be a better business model than music, from a gross margin perspective,” Ek said. Joe Rogan was an early adopter in the podcasting space, and its paid off for him, big time. Management offered a unified response to the drama, maintaining that it hasn’t slowed their momentum. Last week, it was reported that Michelle and Barack Obama’s production company Higher Ground, a marquee podcast entity signed by Spotify, will not renew its exclusive deal there and will move to a competitor. Spotify CFO Paul Vogel On The "Real Positive" Of The Company's Recent Layoffs And Reorg, Its Current Podcast View, Rivalry With Apple And Outlook For A "Choppy" Economy ![]()
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