Today, we announced our first quarter 2024 earnings. In a solid start to the year, Spotify reported…
Monthly Active Users grew 19% Y/Y to 615 million.
Subscribers increased 14% Y/Y to 239 million.
Total Revenue was up 20% Y/Y to €3.6 billion.
Gross Margin reached 27.6%.
Operating Income improved to €168 million.
“We’ve talked about 2024 as the year of monetization and we’re delivering on that ambition,” said Spotify co-founder and CEO Daniel Ek. “Now as we’ve shifted to focus on strong revenue growth and margin expansion, we see a clear opportunity to ensure we are also continuing to grow the top of our funnel. I feel good about the changes we are implementing and remain very confident in our ability to reach the ambitious plans we’ve outlined.”
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.
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.
Today, Spotify announced our second 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 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.
Hear more from our CFO Paul Vogel in the latest episode of Spotify: For the Record.
Idag publicerar Spotify sina finansiella resultat för andra 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.
Today, we (NYSE: SPOT) announced our fourth quarter and full year 2019 financial performance. Click here to review the full earnings release, and take a look at the highlights below:
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