Tag: earnings

Spotify Reports Third Quarter 2023 Earnings

Today, we announced our third quarter 2023 performance. The business delivered strong results in Q3 as all of our key indicators exceeded guidance and we returned to profitability.

  • Monthly Active Users were up 26% to 574 million and 2 million ahead of guidance. This represents our second largest Q3 net addition performance in history. 
  • Subscribers grew 16% Y/Y to 226 million. Net additions of 6 million were 2 million ahead of guidance. 
  • Total Revenue grew 11% Y/Y to €3.4 billion, exceeding guidance.
  • Gross Margin finished above guidance at 26.4%.
  • Spotify returned to profitability, reporting Operating Income of €32 million for the quarter. 

In addition, we unveiled new personalized experiences for users and tools for creators:




Interested in hearing more? Click here to review the full earnings release and listen to the webcast Q&A on our Investor Relations site here. 

Click below to check out a sizzle reel of audio trailers from a few of our recent original and exclusive podcasts and audiobook offerings.

Spotify rapporterar intäkter för andra kvartalet 2023

Idag publicerar Spotify sina finansiella resultat för andra kvartalet 2023.

Spotify har ett väldigt starkt kvartal bakom sig. Vi slog våra egna förväntningar och välkomnade fler användare och prenumeranter än vi hade förutspått, och tillväxten fortsatte att komma från marknader över hela världen.  

Som vi förutspådde under Q1-livesändningen så uppstod kostnader under andra kvartalet relaterade till våra pågående ansträngningar för att bli en effektivare och starkare verksamhet. Dessa kostnader var exkluderade från den Q2-prognos vi gav förra kvartalet.

  • Månatliga aktiva användare ökade med 27 % till 551 miljoner. Nettotillskottet om 36 miljoner användare var 21 miljoner fler än vår guidning och representerar en rekordökning för företaget.
  • Antalet prenumeranter ökade med 17 % till 220 miljoner jämfört med föregående år. Nettotillskottet om 10 miljoner var 3 miljoner fler än vår guidning, samt den högsta Q2-siffran i företagets historia. 
  • De totala intäkterna ökade med 11 % jämfört med föregående år till 3,2 miljarder EUR, i linje med prognosen.
  • Den justerade bruttomarginalen** var i linje med prognoserna om 25,5%, bortsett från engångskostnader relaterade till effektiviseringar av verksamheten och kostnadsbesparingar.
  • Den justerade rörelseförlusten** om 112 miljoner EUR var bättre än vår guidning, bortsett från engångskostnader relaterade till effektiviseringar av verksamheten och kostnadsbesparingar.

Kolla in höjdpunkterna nedan:

Vill du veta mer? Klicka här för att ta del av hela den finansiella pressreleasen, och lyssna gärna på vår Q&A-webcast på IR-sajten här. Klicka nedan för att lyssna på trailers från några av våra senaste original- och exclusive-poddar.

 

**Justerad bruttomarginal, justerad rörelseförlust är inte mått i enlighet med IFRS. Vänligen se “Reconciliation of IFRS to Non-IFRS Results” för mer information.  

Spotify Reports Second Quarter 2023 Earnings

Today, Spotify announced our second quarter 2023 financial performance.

Spotify had a very strong quarter. We beat guidance and welcomed more users and subscribers than expected, with growth continuing to come from markets all over the world.

As we previewed on the Q1 earnings call, we expected to incur charges in the second quarter related to our ongoing efforts to become a more efficient and stronger business. These were excluded from the Q2 guidance we provided last quarter.

  • Monthly Active Users surged 27% to 551 million. Net additions of 36 million were 21 million ahead of guidance and represent an all-time high for the company. 
  • Subscribers grew 17% Y/Y to 220 million. Net additions of 10 million were 3 million ahead of guidance and represent the highest Q2 in company history. 
  • Total Revenue grew 11% Y/Y to €3.2 billion, in-line with guidance. 
  • Adjusted Gross Margin** finished in-line with guidance at 25.5% excluding charges related to our actions in the quarter to streamline operations and reduce costs.
  • Adjusted Operating Loss** of (€112) million was better than guidance, excluding charges related to our actions in the quarter to streamline operations and reduce costs.

Take a look at additional highlights below:

Interested in hearing more? Click here to review the full earnings release and listen to the webcast Q&A on our Investor Relations site here. And click below to check out a sizzle reel of audio trailers from a few of our recent original and exclusive podcasts. 

 

**Adjusted Gross Margin and Adjusted Operating Loss are non-IFRS measures. See Reconciliation of IFRS to Non-IFRS Results below for additional information.

Reconciliation of IFRS to Non-IFRS Results

Spotify rapporterar intäkter för första kvartalet 2023

 Idag publicerar Spotify sina finansiella resultat för första kvartalet 2023. Klicka här för att ta del av hela den finansiella pressreleasen och kolla in höjdpunkterna nedan:

Vill du veta mer? Lyssna gärna på vår Q&A-webcast på IR-sajten här

Klicka nedan för att lyssna på trailers från några av våra senaste original- och exclusive-poddar.

Spotify Reports First Quarter 2023 Earnings

Today, Spotify announced our first quarter 2023 financial performance, showing outperformance across nearly all key performance metrics. Take a look at the highlights below:




We had our strongest Q1 since going public in 2018, with nearly all our KPIs surpassing expectations:

  • Monthly Active Users grew by 22% year-over-year to 515 million driven by strength in both developed and developing markets, and nearly all age groups. 
  • Premium Subscribers grew 15% year-over-year to 210 million with outperformance across all regions, led by Europe and Latin America.
  • Total Revenue grew 14% year-over-year to €3.0 billion, led by Subscriber gains.
  • Gross Margin finished at 25.2%, reflecting improved music and podcast profitability.
  • Operating (Loss)/Income finished at €(156) million, aided by lower marketing spend.

Interested in hearing more? Click here to review the full earnings release and listen to the webcast Q&A on our Investor Relations site here. 

Click below to check out a sizzle reel of audio trailers from a few of our recent original and exclusive podcasts.

Spotify rapporterar intäkter för fjärde kvartalet 2022

Q4 Earnings header Swedish

Idag publicerar Spotify sina finansiella resultat för fjärde kvartalet 2022. Klicka här för att ta del av hela den finansiella pressreleasen och kolla in höjdpunkterna nedan:

Vill du höra mer? Lyssna gärna på vår Q&A-webcast som du hittar på vår IR-sajt

Klicka nedan för att lyssna på trailers från några av våra senaste Spotify Originals och exklusiva poddar. 

Spotify Reports Fourth Quarter 2022 Earnings

Q4 Earnings GIF

Today, Spotify announced our fourth quarter 2022 financial performance. Click here to review the full earnings release, and take a look at the highlights below:


Interested in hearing more? You can listen to the webcast Q&A on our Investor Relations site here. 

Click below to check out a sizzle reel of audio trailers from a few of our recent original and exclusive podcasts. 

Hear from our CEO, Daniel Ek, CFO, Paul Vogel, and Co-President and Chief Business Officer Alex Norström as they talk about our progress this quarter, including topping 200m Premium subscribers, and what they’re excited about in the coming months on Spotify: For the Record.

Spotify Reports Third Quarter 2022 Earnings

Today, Spotify announced our third quarter 2022 financial performance. Click here to review the full earnings release, and take a look at the highlights below:




Interested in hearing more? You can listen to the webcast Q&A on our Investor Relations site here. 

Click below to check out a sizzle reel of audio trailers from a few of our recent original and exclusive podcasts. 


Hear from our CEO,
Daniel Ek, CFO, Paul Vogel, and Global Head of Audibooks Nir Zicherman as they discuss our progress this quarter and what they’re excited about in the coming months on Spotify: For the Record.

Spotify rapporterar intäkter för tredje kvartalet 2022

Idag publicerar Spotify sina finansiella resultat för tredje kvartalet 2022. Klicka här för att ta del av hela den finansiella pressreleasen och kolla in höjdpunkterna nedan:




Vill du höra mer? Lyssna gärna på vår Q&A-webcast på IR-sajten här

Klicka nedan för att lyssna på trailers från några av våra senaste original och exklusiva podcasts.

Spotify rapporterar intäkter för första kvartalet 2022

Idag publicerar Spotify sina finansiella resultat för första kvartalet 2022. Klicka här för att ta del av hela den finansiella pressreleasen och kolla in höjdpunkterna nedan:

Vill du höra mer? Lyssna gärna på vår Q&A-webcast på IR-sajten här

Klicka nedan för att kolla in trailers från några av våra senaste original och exklusiva podcasts. 

Spotify Reports First Quarter 2022 Earnings

Spotify Q1 2022 earnings results showing growing users and subscribers. we have reached 422 million monthly active users, up 19% year over year. We have reached 182 million subscribers, up 15% year over year.

Today, Spotify announced our first quarter 2022 financial performance. Click here to review the full earnings release, and take a look at the highlights below:

Spotify Q1 2022 earnings results showing growing users and subscribers. we have reached 422 million monthly active users, up 19% year over year. We have reached 182 million subscribers, up 15% year over year.

Building the World’s #1 Audio Network. Continued to introduce new content and franchises for fans. Acquired Podsights and Chartable to advance podcast measurement for advertisers and insights for publishers

Enhancing our Platform & User Experience. Expanded Blend's reach by enabling fans to discover and listen to music with up to 10 people or with some of their favorite artists. Introduced a natural language podcast search for show episodes. Announced a multi-year partnership with Google to offer user choice billing

Empowering creators & connecting fans. Celebrated one year of EQUAL with a live music festival in Colombia. Published new and updated info on music economics on Loud & Clear. Continued Sound Up in even more markets and with kid and family shows in mind. FC Barcelona partnership: bringing the worlds of music and football together, giving a global stage to players and artists at Spotify Camp Nou. Celebrated this year's best new artist nominees through collaborations on new Spotify Singles. Celebrated three years of amplifying musicians and podcasters in India. Partnered with Gold House Futures to bolster Asian and Pacific Islander artists.

Interested in hearing more? You can listen to the webcast Q&A on the IR site here. 

Click below to check out a sizzle reel of audio trailers from a few of our recent original and exclusive podcasts. 

 

Spotify Reports Fourth Quarter 2021 Earnings

Today, Spotify announced our fourth quarter 2021 financial performance. Click here to review the full earnings release, and take a look at the highlights below:

Interested in hearing more? You can listen to the webcast Q&A on the IR site here. 

Click below to check out a sizzle reel of audio trailers from a few of our recent original and exclusive podcasts.