Spotify continued to add subscribers during the first quarter, which is usually a softer period for the audio streaming company, and expects growth to accelerate through the rest of the year despite a choppy macroeconomic environment.

Chief Executive Daniel Ek tried to reassure investors that Spotify’s business is strong, despite economic turbulence roiling other industries.

In a world where everyone has a playlist for every mood, Spotify just dropped some numbers that prove music streaming isn’t just alive—it’s thriving. The streaming giant's subscriber base climbed 12%,