Spotify (SPOT) is putting all the Rogan controversy haters aside as it reports its Q1 performance — and subscriber numbers are up, baby! The streaming giant now counts 182 million subscribers as close homies. That's up from 180 million the previous quarter, and 15% up year-on-year.
Oh, and total revenue was up 24% year-on-year — not too shabby.
We can't help but wonder, though, given Netflix's (NFLX) recent tanked earnings reports (and subsequently, stock performance): are people streaming audio content more than long-form video? Meaning, podcasts and music over tv-shows and movies at home?
Why it matters
Perhaps the removal of lockdowns around the world has got people up and leaving the house — and, thus, listening to content whilst commuting instead of at home on the couch. With CNN+ coming to a disappointing closure, has video streaming met its end?
