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Spotify's Q2 Earnings: Revenue Grows 20% As Premium Revenue Surge Drives Higher Average Revenue Per User
Spotify Technology SA (NYSE:SPOT) reported fiscal second-quarter 2024 revenue growth of 20% year-on-year to $4.099 billion (3.81 billion euros), missing the analyst consensus estimate of $4.170 billion.
EPS of $1.43 (1.33 euros) beat the analyst consensus estimate of $1.15.
Premium Revenue grew 21% year over year to 3.35 billion euros, helped by subscriber additions and ARPU increases. Ad-supported revenue grew 13% Y/Y to 456 million euros.
Also Read: Spotify Unveils New Basic Plan After Recent Premium Price Hike
Spotify’s Total MAUs (Monthly Active ...