News

Spotify Boosts Subscriber Count to 276 Million in Q2, Misses Revenue Target and Swings to Net Loss

Spotify reported solid Q2 2023 gains in subscribers and total users but came up short of its revenue target and posted a net ...

Spotify Stock Dips On Q2 Miss; CEO Says Streamer “Behind” On Plan For Its Advertising Business

Not every decision will yield immediate returns, and our progress is not always linear,” Spotify chief executive Daniel Ek ...
Music Business Worldwide3d

Spotify subscriber base grew by 8m to 276m in Q2; company posted $460m operating profit

Spotify saw its global Premium Subscriber base grow to 276 million paying users in Q2 – as it achieved strong operating ...

Spotify Gains Subscribers but Posts Loss

The audio streaming service added more listeners than it had forecast, but reported a net loss for the second quarter.

Spotify Q2 reports higher than expected subscriber count, but revenue misses guidance

The streaming service added 8 million premium subscribers this quarter, which is 3 million more than expected. Spotify ...
Music Business Worldwide2d

Spotify sees $16 billion wiped off market cap; stock sinks 11.5% as ‘Social Charges’ drag down profit outlook

Despite achieving that strong operating income of €406 million ($460m) in Q2 – up 50% year-over-year at constant currency – ...

Spotify forecasts profit below estimate on high payroll taxes, shares sink

Spotify forecast quarterly profit below estimate on Tuesday, as higher taxes related to employee salaries outweigh music ...
Radio Ink3d

Spotify’s Profit Push Snags in Q2 With Net Loss

After undertaking several aggressive cost-cutting and revenue boosting initiatives in 2024, Spotify swung back to a net loss ...