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Music Ally Focus #25: Spotify's Q2 results – huge revenue growth, slow user growth outside of Europe, N America and Latin America, and reveals an operating profit

Music Ally Focus #25: Spotify's Q2 results – huge revenue growth, slow user growth outside of Europe, N America and Latin America, and reveals an oper…

FromMusic Ally Focus


Music Ally Focus #25: Spotify's Q2 results – huge revenue growth, slow user growth outside of Europe, N America and Latin America, and reveals an oper…

FromMusic Ally Focus

ratings:
Length:
20 minutes
Released:
Jul 29, 2021
Format:
Podcast episode

Description

Spotify has published its financial results for the second quarter of 2021: it now has 365 million monthly active users (MAUs) including 165 million premium subscribers, and added nine million users and seven million subscribers during Q2. The results also contained some interesting info about Greenroom, its Clubhouse-style app, showed slow growth in the "Rest of World" areas – and revealed an operating profit of €12m in Q2. Music Ally's Stuart Dredge and Joe Sparrow rummage around in the announcement and pull out the vital facts.
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Released:
Jul 29, 2021
Format:
Podcast episode

Titles in the series (100)

Analysing vital music business topics in detail, as they emerge. In our Focus podcast, Joe Sparrow breaks down important stories with expert guests, who share their cutting-edge knowledge – in about 20 minutes. It'll keep you and your team on the cutting edge, and it'll take about the same time as making and eating a good sandwich! (We recommend doing both simultaneously for maximum deliciousness.) Ⓜ️ Subscribe to Music Ally's industry-standard service: https://musically.com/subscribe ? Music Ally’s free weekly newsletter, The Knowledge: https://musically.lnk.to/knowledgepo