Spotify Technology SA Qtrly Revenue Grew 14%, Led By Subscriber Gains
April 25 (Reuters) -Spotify Technology SA SPOT.N:
QTRLY TOTAL REVENUE GREW 14% YEAR-OVER-YEAR TO €3.0 BILLION, LED BY SUBSCRIBER GAINS
: QTRLY MONTHLY ACTIVE USERS GREW BY 22% YEAR-OVER-YEAR TO 515 MILLION
QTRLY PREMIUM SUBSCRIBERS GREW 15% YEAR-OVER-YEAR TO 210 MILLION
: QTRLY OPERATING LOSS €156 MILLION
Q1 REVENUE VIEW EUR 3.08 BILLION -- REFINITIV IBES DATA
: THE STRENGTH WE SAW EXITING 2022 CONTINUED INTO 2023
: SEES Q2 TOTAL REVENUE €3.2 BILLION
: SEES Q2 GROSS MARGIN 25.5%
: SEES Q2 TOTAL MAUS 530 MILLION
: SEES Q2 TOTAL PREMIUM SUBSCRIBERS 217 MILLION
: SEES Q2 OPERATING LOSS €129 MILLION
Q2 REVENUE VIEW EUR 3.26 BILLION -- REFINITIV IBES DATA
: CONTINUE TO ANTICIPATE A MEANINGFUL IMPROVEMENT IN OUR OPERATING EXPENSE RATIOS AND OPERATING INCOME/LOSS IN 2023 AND BEYOND
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Further company coverage: SPOT.N
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