![]() ![]() ![]() ![]() Though it doesn’t break it out, Spotify said Podcast revenue grew in the “strong double-digit range Y/Y,” led by a strong sales period by the Spotify Audience Network. Ad-supported revenue outperformed, increasing 31% y/y to 360 million euros ($377 million) and now accounting for 13% of total revenue. ![]() Most of Q2 revenue came from subscriber income, which grew 22% y/y to 2.5 billion euros ($2.6 billion), boosted by continued strength in family plans, promotional campaigns and growth in Europe and Latin America. Total revenue in the second quarter was 2.86 billion euros ($3 billion), up 23% year over year. The company noted that if you exclude its exit from Russia and a previously disclosed service outage in March that led to several million existing users creating new accounts, it believes it had its biggest biggest Q2 yet in terms of MAU growth. Both of those metrics were above guidance and impacted by reactivations in Europe, growth among young audiences in Latin America and outperformance in developing markets including India, Indonesia and The Philippines. Those represent a net increase of 6 million paid users and 10 million MAUs compared to the first quarter. The rest of Spotify’s earnings results, for the quarter ended June 30, were genuinely positive, with the company announcing that its user base grew to 188 premium subscribers and 256 million free (ad-supported) users during Q2, with total monthly active users (MAUs) now hitting the 433 million mark. Hot 100 First-Timers: BTS' JIN Scores First Solo Entry With 'The Astronaut' ![]()
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