Spotify revenue beats but adds fewer-than-expected paid subscribers [Reuters (UK)]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Reuters
Spotify revenue beats but adds fewer-than-expected paid subscribers - Reuters 2 Min Read (Reuters) - Spotify Technology SA ( SPOT.N ) reported better-than-expected second-quarter revenue on Wednesday, but added fewer paid subscribers than estimated, sending its shares down 2.2% in trading before the bell. The world’s most popular paid music streaming service said premium subscribers rose 30% from a year earlier to 108 million, but missed analysts’ expectation of 108.5 million. Revenue from premium subscribers, which accounted for nearly 90% of its overall revenue, rose to 1.50 billion euros ($1.67 billion) in the second quarter. Since launching its service more than a decade ago, Spotify has overcome resistance from big record labels and some major music artists to transform how people listen to music and become a global leader in music streaming. To fuel its next stage of growth, it launched its service in South Africa, the Middle East and India in recent months even as it continue
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SPOT
Earnings
- 4/23/24 - Beat
SPOT
Sec Filings
- 4/29/24 - Form 144
- 4/26/24 - Form 144/A
- 4/26/24 - Form 144
- SPOT's page on the SEC website