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Spotify Hits Q1 User Targets, Touts Surge in Podcast Listening and Strong Ad Sales

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variety.com

Todd Spangler NY Digital EditorSpotify reported results for the first quarter of 2021 in-line with expectations, with total revenue up 16% — helped by 46% uptick in ad sales.

The streaming audio giant also said podcast listening hit an all-time high in Q1, with “The Joe Rogan Experience” delivering better-than-expected gains.Overall, the company said monthly active users grew 24% to 356 million, including users on free and paid plans.

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