Spotify CEO Daniel Ek spoke to CNBC’s “Squawk on the Street” the morning after the company reported fourth-quarter earnings.
Spotify CEO Daniel Ek told CNBC Thursday he was pleased with the company's response to growing controversy around Covid-19 misinformation on the platform."That's on me," Ek said in an interview with CNBC's"Squawk on the Street."growth projections disappointed some investorsBut CEO Daniel Ek said that the growth projections for Q1 shouldn't be such a big deal for investors.
"Let's just start with our Q4. 406 million users, 180 million subs. It was our biggest quarter ever when it came to growth and we pretty much beat on every metric. So I'm incredibly proud of that. Now that said, Q1, just frankly matters a lot less to our business overall than the other three quarters. So I think maybe investors are reacting to that, but I feel really, really confident in our overall growth trajectory," Ek told CNBC's"Squawk on the Street.
Ek also said he feels good about how the streaming company has addressed growing controversy around podcaster Joe Rogan, including concerns from medical professionals that the celebrity is spreading Covid-19 misinformation on his show. Spotify has been embroiled in controversy since musicians Neil Young and Joni Mitchell recently boycotted the service for continuing to host"The Joe Rogan Experience," which has been accused by medical professionals of spreading Covid misinformation. On Wednesday, Young's former bandmates Crosby, Stills and Nash
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