Video streaming has surged during the coronavirus pandemic and it looks like the same can be said for music streaming, with Spotify announcing an increase to paid subscribers and revenue.

According to Billboard, the music streaming giant revealed these positive numbers in their first-quarter financial results. The report says that Spotify’s paid subscribers have increased to 130 million, while their total revenue grew by 22 percent to $1.99 billion. 

Billboard also provided a breakdown of that revenue, revealing that most of it came from paid subscribers. The growth in that area exceeded even the company’s targets, contributing $1.8 billion to the company’s earnings. Meanwhile, ad revenue came in at around $162 million. Unlike subscriber revenue, this did not meet Spotify’s targets due to the disruption caused by the coronavirus pandemic.

Spotify also managed to bring down losses compared to the previous quarter. Spotify only suffered a loss of $18 million this quarter, compared to the $83 million loss of the previous quarter.

The Financial Times also talked with Spotify’s chief executive, Daniel Ek, who said that he believes the streaming service’s prospects in the midst of the pandemic is looking good.

Ek said that they do not expect demand to slump over the coming months as they have a free version that users can switch to if they can no longer afford Spotify’s paid version. Spotify’s total subscribers, including those that are on the free version, increased to 286 million. He also revealed the company’s plans to acquire more podcasts after their $200 million acquisition of The Ringer.

Spotify’s good fortune during this pandemic is similar to those of other streaming services. Since the imposition of lockdowns to stem the spread of the coronavirus, Netflix has added 16 million paid subscribers, bringing their total of paid subscribers to 187 million. Netflix also brought in $5.77 in revenue during the first quarter.

Spotify may yet improve on this as lockdowns might end up being continued since there seems to be no slowing down in the number of COVID-19 infections around the world. As of Apr. 30, the World Health Organization says there are 3,090,445 confirmed COVID-19 cases around the world, with 217,769 people dead. Of those confirmed cases, 71,839 are new ones, while 9,797of those deaths are new ones.

Sweden, where Spotify is based, currently has 21,092 confirmed COVID-19 cases. Deaths caused by the disease are at 2,586 people.

In the United States, 1,031,659 people are confirmed to have COVID-19, with 60,057 people dead, according to the Centers for Disease Control and Prevention. Of the total confirmed cases, 26,512 are new ones, while new deaths make up 2,552 of the total number of fatalities.