Spotify reports Q2 revenue of €1.89B, up 13% YoY, with MAUs up 29% YoY to 299M, premium users up 27% to 138M, and ad-supported MAUs up 31% to 170M
In addition, ad revenue fell 21% — which Spotify blamed on the coronavirus pandemic — but the drop wasn't quite as bad as forecast.
Variety Todd Spangler
Related Coverage
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Discussion
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@kerrymflynn
@kerrymflynn
on x
Spotify $SPOT Q2 earnings: - 138M Premium Subscribers, up 27% Y/Y - €1,889M Total Revenue, 13% Y/Y “Our business performed well in Q2 and continues to operate at a high level despite the continuing uncertainty surrounding the COVID-19 pandemic...” https://investors.spotify.com/ .…
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@markdistef
Mark Di Stefano
on x
Spotifty announces financial results: - Total users 299m ⬆️ 29% year-on-year - Premium subs 138m ⬆️ 27% Spotify said Covid caused “churn” and payment failures in April/May, but claim June saw a rebound in “reactiviations”. https://investors.spotify.com/ ...