Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Spotify added 5mn paying subscribers in the first three months of the year, even as chief executive Daniel Ek warned about the \u201cshort-term noise\u201d around US President Donald Trump\u2019s tariffs. The music-streaming group reached 268mn paying subscribers in the quarter ending March 31, higher than Spotify\u2019s guidance for 265mn. The performance was Spotify\u2019s strongest first-quarter subscriber growth since 2020. \u201cThe short term may bring some noise, but we remain confident in the long-term story\u201d, said Ek, adding that Spotify\u2019s free version would offer listeners \u201cthe flexibility to stay with us even when things feel more uncertain\u201d. But shares in the company fell almost 8 per cent in pre-market trade on Tuesday, as investors digested its forecasts for the year. Spotify said it expects monthly active users of 689mn in the second quarter, below the 693mn that analysts had forecast, according to Visible Alpha. Spotify\u2019s stock has more than doubled in the past year, as Wall Street rewarded the group for a cost-cutting push that resulted in its first-ever full-year of profit in 2024.Music-streaming services are not affected by Trump\u2019s tariffs, and analysts say that Spotify is relatively shielded from an economic downturn. The group made \u20ac225mn in net income on \u20ac4.2bn in revenue during the quarter.In the US, Spotify costs $12 a month, compared with $10 a month when the streamer launched in the country more than a decade ago. Spotify is preparing to raise prices in dozens of countries across Europe and Latin America this summer, the Financial Times reported last week.\u00a0TD Cowen analyst Doug Creutz said Spotify still offered good value for consumers relative to \u201cother entertainment options\u201d and would be \u201cunlikely to see meaningful increases in [cancellations] even if the economy goes into recession\u201d. \u201cPeople also have important emotional connections to music that become more important during times of stress\u201d, Creutz added. \u00a0However, analysts expect that a recession would dent Spotify\u2019s advertising revenue, which makes up about 10 per cent of the total. Spotify\u2019s first-quarter advertising revenue climbed 8 per cent from a year ago, to \u20ac419mn.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Spotify added 5mn paying subscribers in the first three months of the year, even as chief executive Daniel Ek warned about the \u201cshort-term noise\u201d around US<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-294901","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/294901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=294901"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/294901\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=294901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=294901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=294901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}