'We Should Have Done it Earlier': Spotify CEO Speaks Out on Joe Rogan ControversySpotify reported its Q4 2021 earnings on Wednesday amid controversy that has rocked the company in recent weeks.

ByEmily Rella

Spotifyreported its Q4 2021earnings on Wednesday amid controversy that has rocked the company in recent weeks.

The streaming platform has been facing mounting pressure to either remove or post a disclaimer on episodes ofThe Joe Rogan Experiencethat discuss Covid and the pandemic. The criticism is coming from across the board, including from artists who host their content on Spotify.

Neil Young, Joni Mitchell, David Crosby and others havecompletely pulledtheir catalogs from the platform, accusing Spotify of being irresponsible for allowing Rogan to spread "dangerous misinformation."

"I do not know if they're right. I'm not a doctor. I'm not a scientist," Rogansaid in response to the controversy. "I'm just a person who sits down and talks to people and has conversations with them. Do I get things wrong? Absolutely. I get things wrong. But I try to correct them."

Related:Spotify Removes All of Neil Young's Music Amid Joe Rogan Controversy: 'So Much for Art'

Following the widespread backlash, Spotify CEO Daniel Ek announced that Spotify would begin adding disclaimers and a content advisory warning surrounding any of its content that discusses or mentions Covid and the pandemic.

In Tuesday's earnings call, Ek doubled down on his decision and admitted that this was something the company should have already been doing, independent of the Rogan drama.

"Obviously, it's been a few notable days here at Spotify,"Ek beganwith his remarks. "When we entered into the podcast space in 2019 with the intent to help modernize and grow this space for all type of creators, we assumed it would challenge and test our teams in new ways. And there's no doubt that the last several weeks have presented a number of learning opportunities."

Related:Joe Rogan Breaks Silence on Spotify Controversy: 'Do I Get Things Wrong? Absolutely'

Ek didn't directly address the removal of catalogs or what he perceives to be the immediate impact of the fallout because it's "too early" to tell.

"We've taken pretty dramatic steps … one is publishing our policies and making them clear to the world. Just an acknowledgment from my side. That's probably late, we should have done it earlier, and that's on me,"Ek admitted. "But the second thing is very, very big and no other audio platform has done this, and that's providing this content advisory notice next to Covid-19 content."

He explained that all podcast episodes discussing Covid moving forward will be tagged with a notice that links to messages from scientists, doctors and CDC and WHO specialists, something Ek says is "unprecedented" in the world of audio streaming.

Spotify结束与1.8亿年第四季度付费用户and 406 MAUs, bringing in $3.04 billion in total revenue, which is about a 40% increase year over year.

However, as of Thursday afternoon, the companywas downa whopping 50.01% year over year.

Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Related Topics

Business News

Inside Barbara Corcoran's $1 Million California Trailer: 'Everything's Little'

The Pacific Palisades home boasts stunning ocean views.

Business News

This U.S. City Is One of the Most Desirable Places to Retire — and No, It's Not in Florida

A recent ranking conducted by Moody's Analytics broke down the top spots for retirees.

Science & Technology

Artificial Intelligence Being Trained to Show Empathy

As applications for artificial empathy expand, guidelines and transparency will be needed to integrate the technology ethically.

Business News

Travel Influencer Shares Genius Airbnb Booking Hack That Can Save You Hundreds

The strategy works with any third-party booking site.

Business News

Apple Asks This Jarring Interview Question as a Secret Way to Evaluate a Candidate

The tech company has unique strategies they employ when evaluating potential candidates. Here's a look at three.

Business News

This Job Earns 6 Figures and Is Projected to Grow 6% in the Next Decade — And No, It's Not in Tech

Marketing managers are among the highest-growing careers in the U.S., with some freelancers charging enviable hourly rates.