Spotify has reached 130 million paid subscribers, despite initial concerns over how the Covid-19 crisis could affect listening habits.
The music-streaming platform says it gained six million subscribers in the first quarter of 2020.
It said the figures fell into the higher end of what had been predicted before the coronavirus outbreak.
But analysts have warned Spotify's quarterly results may not be as positive as the company suggests.
Spotify said a double-digit rise in quarterly revenue had helped offset a decline in ad sales, which contributed less than 10% of its overall revenue.
“Despite all the turbulence around the world, we hit pretty much all the metrics,” chief executive Daniel Ek told Reuters.
The platform had begun to see a fall in user numbers in February among countries hit hardest by the virus, including Spain and Italy, he said.
But there had been a "meaningful recovery" over the past month.
Active users
The company said monthly active users had risen 31% in the quarter.
But Midia Research analyst Mark Mulligan told BBC News: "Checking an app once a month is not active usage.
"So daily active users and weekly active users are where scrutiny needs applying.
"Spotify says that the ratio of daily active users relative to monthly active users was 'strong' in the quarter."
"However, strong does not mean up - and the fact it was reported as higher than 12 months ago but with no reference to last quarter suggests ‘strong’ may not be that useful an adjective here."
Radio listening
Mr Mulligan also noted 28% of consumers in the US and 25% in the UK had been using their usual commute listening time now for other activities.
"It is after all possible to have falling streams but a growing user base, ie more people signing up but using the service less," he added.
Last month, Global, which owns Captial FM and talk station LBC, said online radio listening had jumped 15% since the UK's lockdown began.
"The figures indicate that the public is turning to radio in times of crisis," a Global spokeswoman said at the time.
Latest Stories
-
Shamima Muslim urges youth to lead Ghana’s renewal at 18Plus4NDC anniversary
2 minutes -
Akufo-Addo condemns post-election violence, blames NDC
10 minutes -
DAMC, Free Food Company, to distribute 10,000 packs of food to street kids
1 hour -
Kwame Boafo Akuffo: Court ruling on re-collation flawed
2 hours -
Samuel Yaw Adusei: The strategist behind NDC’s electoral security in Ashanti region
2 hours -
I’m confident posterity will judge my performance well – Akufo-Addo
2 hours -
Syria’s minorities seek security as country charts new future
3 hours -
Prof. Nana Aba Appiah Amfo re-appointed as Vice-Chancellor of the University of Ghana
3 hours -
German police probe market attack security and warnings
3 hours -
Grief and anger in Magdeburg after Christmas market attack
3 hours -
Baltasar Coin becomes first Ghanaian meme coin to hit DEX Screener at $100K market cap
4 hours -
EC blames re-collation of disputed results on widespread lawlessness by party supporters
4 hours -
Top 20 Ghanaian songs released in 2024
4 hours -
Beating Messi’s Inter Miami to MLS Cup feels amazing – Joseph Paintsil
4 hours -
NDC administration will reverse all ‘last-minute’ gov’t employee promotions – Asiedu Nketiah
5 hours