Spotify Q2 Premium Subscribers 220M, Up 17% YoY
Portfolio Pulse from Bill Haddad
Spotify's Q2 report shows a 17% YoY increase in premium subscribers, reaching 220 million.
July 25, 2023 | 10:04 am
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POSITIVE IMPACT
Spotify's Q2 earnings report shows a significant increase in premium subscribers, which could positively impact the company's stock price.
The increase in premium subscribers indicates a growing user base and potentially higher revenues for Spotify. This positive news is likely to boost investor confidence and could lead to an increase in Spotify's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100