Gross Margin ImprovementOverall gross margins improved by 230 basis points year-over-year to 31.5%, with margin expansion across both Premium and Ad-Supported businesses.
Premium Subscription GrowthPremium subscribers grew by 12% year-over-year to 276 million, indicating a higher rate of users upgrading to paid plans.
User GrowthSpotify continues to attract more users onto its platform, with 18 million new Monthly Active Users, reaching a total of 696 million, marking an 11% year-over-year increase.