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Spotify expected to report subscriber slowdown

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April 25, 2021 at 03:44PM

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Such an update would be another signal that Covid lockdown entertainment boom is over

Spotify is expected to report this week a significant slowdown in the number of new subscribers in the first quarter, the latest pandemic winner to signal that the lockdown entertainment boom is over.

When the audio streaming company updates investors on Wednesday, it is not expected to maintain the blistering rate of new subscriber growth experienced last year. Spotify, which reported 6 million new subscribers in the first three months last year and 11 million in its most recent quarter to the end of December, has told investors not to expect the boom to continue at such a pace.

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