Spotify Q2 Total MAUs 626M, Up 14% YoY
Portfolio Pulse from Bill Haddad
Spotify reported its Q2 total Monthly Active Users (MAUs) at 626 million, marking a 14% year-over-year increase.
July 23, 2024 | 10:07 am
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POSITIVE IMPACT
Spotify reported a significant increase in its Q2 total Monthly Active Users (MAUs) to 626 million, a 14% year-over-year growth. This positive user growth is likely to boost investor confidence and potentially drive the stock price up in the short term.
The 14% YoY increase in MAUs indicates strong user growth, which is a key metric for streaming services like Spotify. This growth can lead to higher revenues and improved market sentiment, likely driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100