Spotify Sees Q2 Total Revenue €3.8B, Total MAUs 631M, Total Premium Subscribers 245M
Portfolio Pulse from Benzinga Newsdesk
Spotify reported its Q2 earnings with total revenue reaching €3.8 billion, total monthly active users (MAUs) hitting 631 million, and total premium subscribers reaching 245 million.
April 23, 2024 | 10:06 am
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Spotify's Q2 earnings show significant growth with €3.8 billion in revenue, 631 million MAUs, and 245 million premium subscribers.
The reported increase in revenue, MAUs, and premium subscribers indicates a strong performance by Spotify. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in SPOT's stock price, reflecting the company's growth and potential for further expansion.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100