8/27/2023 0 Comments Download spotify to desktop![]() Spotify added a number of features during the second quarter, including a redesigned desktop app, widgets for iOS, and integration with the Strava app. Its total revenue, reported at €3.2 billion ($3.5 billion approximately), grew by 11% year-over-over and is in line with the estimates, the company said.įurthermore, Spotify reported an adjusted operating loss of €112 million ($124 million) after taking into account the recent layoffs in the podcast division and related charges. On the financial front, Spotify reported a gross margin of 24.1% in the second quarter while missing the expectation of 25.5%. Spotify notes that the improved MAU count was supported by "strong growth amongst Gen Z listeners." Meanwhile, Europe and Latin America regions made significant contributions to its premium subscriber growth. Similarly, Spotify made net additions of 36 million to its monthly active users, beating the expectation by 21 million. For reference, Spotify had 210 million paying subscribers in Q1 2023 with a 15% year-over-year growth. ![]() Spotify claims that the subscriber gain represents "the highest Q2 in company history." It was able to add 10 million premium users in the second quarter which exceeded estimates by 3 million. ![]()
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