Tag: PIX

Spotify Reports Second Quarter 2023 Earnings

July 25, 2023

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 Brazil Expands Payment Methods With PIX

June 13, 2023

Today, we’re adding PIX, the most used payment method in Brazil, as a payment method for Spotify Premium. Getting access to on-demand ad-free offline music streaming in Brazil has never been so easy. Now, users can pay once and recharge whenever they want—without automatic renewal. 

“Since its launch, PIX has transformed the way Brazilians make digital transactions. It’s secure and fast,” says Mia Nygren, General Manager, Latin America, at Spotify. “We are thrilled to integrate the most-used payment method in Brazil, according to the Central Bank of Brazil, as a payment option for our Spotify Premium subscribers as it aligns with Spotify’s goal to give access to the best audio streaming experience regardless of your need.” 

How to use PIX as your payment option: 

  1. Select the pre-paid one-time payment format. 
  2. Choose your Premium plan—Individual, Duo, Family or Student.
  3. Define how many months of subscription you want to purchase, whether one, three, six, or twelve months. 
  4. Hit play and start enjoying!

In addition to PIX, Spotify Premium users in Brazil can also use credit or debit card, gift cards, and boleto bancário—so there’s always a way to play. 

Premium payment methods vary by country or region—to see payment methods available in your country, visit www.spotify.com/premium and proceed to the payment page.

Spotify Brasil expande formas de pagamento com PIX

June 13, 2023

Hoje, estamos adicionando o PIX, o meio de pagamento mais utilizado no País, como forma de pagamento para Spotify Premium. Ter acesso a streaming de música offline sob demanda sem anúncios no Brasil nunca foi tão fácil. Agora, usuários podem pagar uma única vez e fazer recargas quando quiser – sem renovação automática.

“Desde o seu lançamento, o PIX transformou a forma como os brasileiros fazem transações digitais, é seguro e rápido”, afirma Mia Nygren, diretora-geral no Spotify na América Latina. “Estamos entusiasmados em integrar o PIX como uma opção de pagamento para nossos assinantes do Spotify Premium, uma vez que está alinhado com o objetivo do Spotify de dar acesso à melhor experiência de streaming de áudio independentemente da sua necessidade.”

Como usar o PIX como forma de pagamento: 

  1. Selecione o formato pré-pago, com pagamento único.
  2. Escolha seu plano Premium – Individual, Duo, Família ou Universitário.
  3. Defina quantos meses de assinatura deseja adquirir – um, três, seis ou doze meses.
  4. Dê o play e comece a curtir!

Além do PIX, usuários do Spotify Premium no Brasil podem utilizar as seguintes formas de pagamento: credit/debit card, gift cards e boleto bancário — sempre há uma maneira de curtir. 

Os métodos variam de acordo com o país ou região — para ver as formas de pagamento disponíveis no seu país, acesse www.spotify.com/premium e avance até a página de pagamento.