Joe Rogan's Podcast Drama, which has been overshadowed by Q1 estimates, has been deleted: 'Nothing has changed at all.'

Joe Rogan's Podcast Drama, which has been overshadowed by Q1 estimates, has been deleted: 'Nothing h ...

According to Wall Street forecasts, the company does not experience any harmful effects from podcast criticism.

The Stockholm-based audio industry swung to earnings of 24 cents a share, compared to a 30 cent loss a year ago. Revenue surpassed $2.8 billion from $2.6 billion. Both top and bottom line figures came in ahead of analysts' predictions.

After the release of the numbers, CEO and CFO Paul Vogel both maintained the company's podcast industry has never been stronger. In the early stages of 2022, the rise of offensive and racial remarks from the host sparked a spotlight on his Spotify deal, which is worth a reported $200 million. A number of prominent musical artists, including Neil Young and Joni Mitchell, pulled their music from Spotify in protest.

Higher Ground, a global podcast company signed by Spotify, was not renewed its exclusive agreement last week and will then become a competitor.

Management offered a unified response to the drama, despite the fact that it hasn't slowed their growth.

Unlike music, podcasting should be a higher business model than music, according to Ek. "We feel really grateful about the investments we're making and the long-term implications they will have on our business and our shareholders."

Vogel emphasized that while I look out over the long term, nothing has changed in terms of optimism.

In the quarter ending March 31, the streaming technology giant reported 419 million monthly active users, up 19% from the previous year. The tally accounts for three million users were reduced down due to an outage.

Despite a 1.5 million loss, the number of paid subscribers increased to 182 million, up a net amount from the previous quarter. Like a number of companies in the technology industry and many other sectors, Spotify halted operations in Russia following the country's invasion of Ukraine.

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