![]() It goes without saying that you shouldn’t delete your account unless you’re absolutely certain you’ll never regret the decision. Once you’ve knocked your account down to the free tier, go back to the main menu on Spotify’s website, choose “Support,” and then “Close Your Account.” Premium subscribers should start this process by first canceling their subscription, as you can only delete a Premium account by contacting customer service. If you’re looking for a more permanent break from the platform, you can also delete your account. Until then, you’ll just have access to a free account (which includes ads, a limited number of song skips, and no offline listening capabilities). If you decide to come back to Spotify in the future, all your music data will have been preserved, and you can reactivate your Premium subscription in the “Your plan” section. You should see a “Change plan” button-click that, scroll to the bottom of the new page, and choose “Cancel Premium.” Confirm the choice, and you’re all set. Then, open the menu, select “Account,” and scroll until you hit the “Your plan” section. Instead, pull up your favorite web browser, head to, and log into your account. As Lifehacker reports, you can’t cancel anything from there. Save yourself a few minutes and don’t bother looking for an option in the app (mobile or desktop). Even classical music gets its own app.Whether you’re ready to switch to another music streaming service or you’re taking a break altogether to enjoy your long-neglected vinyl collection, you might decide it’s time to cancel your Spotify Premium subscription. It made a major move into podcasts, with many subscribers unimpressed with the way it mixed the two completely different services, and last month made an even bigger mess by mixing in music, podcasts, audiobooks, and video into a single feed.Īpple Music may not have an impressive subscriber base (the company long ago stopped reporting numbers), but its app is solely focused on music, with podcasts in a standalone app. Spotify’s moves of late have seemed increasingly desperate. Spotify, in contrast, has no other revenue stream, and had to quickly abandon its only hardware product. ![]() All three see their services simply as an ecosystem benefit, and a way to drive hardware sales. ![]() It’s competing with streaming music services from Apple, Google, and Amazon – none of which have to turn a profit. The company said higher personnel costs during the quarter were driven primarily by its head count expansion in 2022.īut it’s hard to see how the company will ever reach the point of returning a consistent profit. The company on Tuesday said severance-related charges associated with the layoffs added to operating expenses in the quarter. In January, Spotify laid off about 600 employees, or roughly 6% of its workforce, as part of broader cost cutting after a spending spree during the pandemic. In the case of this quarter, there was a somewhat ironic additional reason. Spotify has always insisted that this is expected – that it continues to prioritize growth and investment in new features over profitability. A handful of individual quarters aside, this is almost always the case. However, the company continues to lose money, reporting a loss of €225M ($248M) for the quarter. Ad revenue, which has become a particular growth area for Spotify as it expands its podcast business, accounted for about 11% of total revenue for the quarter-a small downtick from prior periods. Revenue from advertising grew 17% to €329 million. Subscriptions, which make up most of Spotify’s revenue, climbed 14% to €2.71 billion. The WSJ reports that it also enjoyed revenue growth. Monthly active users were up even more, a 22% rise to 515M people (including free subscribers). The good news for the streaming giant is that paid subscriptions were up 15% to 210M, ahead of analyst expectations and the company’s own guidance … Spotify paid subscriptions and active users up Spotify paid subscriptions grew faster than expected in the first quarter of the year, but the company is still losing money.
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