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 Worldwide1d
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 ...
Why Spotify Stock Crashed Today
Operating profits soared 53% to 406 million euros ($468.9 million), and free cash flow hit 700 million euros ($808.4 million) ...
Spotify Stock Slides After Q2 Miss — But Is the Dip a Buy Opportunity?
At press time, SPOT stock is priced at $635.91 per share, significantly above the 52-week average of $519.78 per share. Just a month ago on June 26th, SPOT saw its all-time high price of $775.90 per ...
Music Business Worldwide1d
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 Surges Past 276 Million Paying Customers, Misses on Second Quarter Sales Estimates
Spotify easily topped Wall Street’s expectations by adding 8 million premium customers during the second quarter — pushing it ...
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.