- Spotify has continued to invest in its advertising, and ad-supported revenue grew 31% year over year to 360 million euros, reaching an all-time high of 13% of the total revenue for the quarter.
- Spotify reported 433 million monthly active users in its second quarter, up 19% year over year and 5 million above guidance.
-
Paid subscriber growth also beat guidance by a million users, growing 14% year over year to 188 million.
-
Earnings per share: A loss of 85 euro cents per share vs. an estimated loss of 63 euro cents per share as expected by analysts, according to Refinitiv
-
Revenue: 2.86 billion euros vs. 2.81 billion expected by analysts, according to Refinitiv
Leave a Reply