Spotify logo is displayed on the screen of a smart phone on Jan. 1, 2020.
Total revenue in the second quarter was €1.89 billion , up 13% year over year but only 2% higher than Q1's €1.85 billion tally. The vast majority of Q2 revenue came from subscriber income, which grew 17% y/y to €1.76 billion , meeting the company's earlier guidance. Due to the effects of COVID-19, ad-supported revenue dropped 21% during the quarter to €131 million — though CEOSpotify's share price fell to 6% $251.03 on Wednesday morning from Thursday's $267.
The firm's net loss also ballooned to €356 million , compared to €76 million in the year-ago period. Spotify's premium average revenue per user was down 7% y/y to €4.41 with the dominant driver being"product mix." Operating expenses totaled €646 million for the quarter, up 48% y/y and well above forecast, the firm said. Spotify currently has 6,049 full time employees globally.
It's not surprising, because KINGS ARE BACK!!!🔥🔥 MTVHottest BTS_twt
JoeBudden JoeBuddenPod thisisrory MAL___ parksmusic looks like they’ve got yall money fellas lol
ok
Yeah.. Because of BTS, we downloaded Spotify 😊
Good. It’s way they deserve for blackballing Nicki Minaj. Onika voodoo bitches
Stream Zayn's second album 😗✌
Spotify for music 👍
ok
ADD SOUL TO YOUR SPOTIFY PLAYLIST NOW!
they should pay their artists more
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
$600 Unemployment Checks May Return. Trump, GOP May Be Shifting Stance On It.The $600 expanded unemployment benefit — which has helped keep around 25 million Americans afloat during the pandemic — officially ran out at midnight on Friday. Evictions already out.... So it served the GOP purpose to not agree... Now, once evictions go out, LL can't afford their mortgages, watch the rich buy up all the land like Hurricane Katrina... SMH Well since GOP caused it. 😐 the republicans have to agree to it or lose a lot of votes.$600 is a lot better than the $200 the republicans want to give to the people, remember this when you vote.
Source: Forbes - 🏆 394. / 53 Read more »
Source: Eater - 🏆 368. / 59 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: billboard - 🏆 112. / 63 Read more »