Spotify’s Monthly Active Users Rise Above 500 Million, Beats Estimate

The Spotify app on an iPad is pictured, March 20, 2018, in Baltimore. (AP)
The Spotify app on an iPad is pictured, March 20, 2018, in Baltimore. (AP)
TT
20

Spotify’s Monthly Active Users Rise Above 500 Million, Beats Estimate

The Spotify app on an iPad is pictured, March 20, 2018, in Baltimore. (AP)
The Spotify app on an iPad is pictured, March 20, 2018, in Baltimore. (AP)

Spotify Technology SA on Tuesday reported first-quarter monthly active users that crossed the half billion mark for the first time helped by the music streaming company's expansion into more markets.

The number of monthly active users rose to 515 million in the quarter, beating Spotify's guidance and analysts' forecasts of 500 million, according to IBES data from Refinitiv.

Premium subscribers, who account for most of the company's revenue, rose 15% to 210 million, topping estimates of 206 million.



Tom Cruise Pays Tribute to Val Kilmer

Tom Cruise led a moment of silence in honor of Val Kilmer at CinemaCon, the official convention of theater owners in the United States. Ethan Miller / GETTY IMAGES NORTH AMERICA/AFP
Tom Cruise led a moment of silence in honor of Val Kilmer at CinemaCon, the official convention of theater owners in the United States. Ethan Miller / GETTY IMAGES NORTH AMERICA/AFP
TT
20

Tom Cruise Pays Tribute to Val Kilmer

Tom Cruise led a moment of silence in honor of Val Kilmer at CinemaCon, the official convention of theater owners in the United States. Ethan Miller / GETTY IMAGES NORTH AMERICA/AFP
Tom Cruise led a moment of silence in honor of Val Kilmer at CinemaCon, the official convention of theater owners in the United States. Ethan Miller / GETTY IMAGES NORTH AMERICA/AFP

Tom Cruise paid tribute to late "Top Gun" co-star Val Kilmer on Thursday, leading movie theater owners in a moment's silence at the CinemaCon event before unveiling new footage from his latest "Mission: Impossible" movie.

"I'd like to honor a dear friend of mine, Val Kilmer," said Cruise, at the start of his hotly anticipated appearance at the annual industry summit in Las Vegas.

"I really can't tell you how much I admired his work, how much I thought of him as a human being, and how grateful and honored I was when he joined 'Top Gun' and then came back for 'Top Gun: Maverick," said Cruise.

Kilmer, one of the biggest Hollywood actors of the 1990s, who shot to fame playing Iceman in the original 1986 "Top Gun", died aged 65, his family announced this week.

The cause of death was pneumonia. Kilmer had battled throat cancer after being diagnosed in 2014, and made his final appearance in the "Top Gun" 2022 sequel "Maverick," physically diminished and with a raspy voice.

Cruise on Thursday led the audience at Caesars Palace casino in a lengthy silence, asking attendees to "take a moment and just think about all the wonderful times that we had" watching Kilmer on the big screen.

"I wish you well on your next journey," said Cruise, to Kilmer.

He added to the attendees: "Thank you all for doing that. I know he appreciates it."

"Top Gun" was Kilmer's breakout role. Starring opposite Cruise, he played the cocky, square-jawed and mostly silent fighter pilot in training Tom "Iceman" Kazansky.

When he reprised his role as "Iceman" in the long-awaited sequel "Top Gun: Maverick," Kilmer's real-life health issues were written into the character.

Cruise on Thursday also introduced a new trailer for "Mission: Impossible – The Final Reckoning," out May 23.

Footage shows Cruise's ageless hero Ethan Hunt clinging to the wheels of a small biplane as it soars down a narrow canyon and barrel rolls through the skies.

The trailer contained extensive flashbacks to famous scenes from earlier in the eight-film blockbuster franchise, such as Cruise dangling between lasers and climbing the Burj Khalifa tower in Dubai.

"I need you to trust me one last time," says Cruise's character, in what Paramount is marketing as supposedly the final movie of the franchise.