Spotify reports Q2 revenue up 20% YoY to €3.8B, MAUs up 14% YoY to 626M, subscribers up 12% YoY to 246M, above est., and €266M operating income; SPOT jumps 12%+
Spotify Technology SA shares surged to their highest in more than three years on Tuesday after the Swedish audio …
Bloomberg Ashley Carman
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Discussion
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@eldsjal
Daniel Ek
on x
Q2 results are out and it was a strong quarter. Lots of reasons why it's such an exciting time for us. Here's a sneak peek, but I'll share more in a few minutes on our investor call. Congrats to the team and huge thanks to all the Spotify listeners around the world. [video]
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@alexweprin
Alex Weprin
on x
Pretty clear that Spotify is officially the Netflix of the music space. Everyone else is playing catch up.
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@thetranscript_
@thetranscript_
on x
Spotify CEO @eldsjal: “We keep on innovating & showing that we aren't just a great product, but increasingly also a great business. We are doing so on a timeline that has exceeded even our own expectations” $SPOT: +15% Pre-Market More details: https://finchat.io/... [image]
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@sarafischer
Sara Fischer
on x
Big, big quarter for @Spotify — Company posted record gross margin, profit and cash flow for Q2 — Music & pod margins increasing (pod biz soon expected profitable) — Ad biz still growing double digits despite macro slowdown — On track to hit gross margin goal ahead of schedule [i…