Spotify’s Q2 2019: 108m subscribers, €1.67bn revenues, and a €76m net loss
Posted on: 31 juillet 2019, by : Stuart Dredge

Spotify has published its financial results for the second quarter of 2019, revealing that the streaming service added 15 million new listeners including eight million paid subscribers during Q2.
Spotify ended June 2019 with 232 million listeners, up 29% year-on-year from the 180 million it had a year ago, and up 7% quarter-on-quarter from the 217 million it had at the end of March this year.
108 million of those active users are now paying, representing year-on-year growth of 31% from its 83 million subs at the end of Q2 2018.
How did this all pay off for Spotify’s financial health? The company reported total revenue of €1.67bn in the second quarter of 2019, up by 31%% from the €1.27bn it posted in Q2 2018. Within that, premium (subscription) revenues grew by 31%% to €1.5bn, while ad-supported revenues grew by 34% to €165m.
Profitability? The company reported a net loss of €76m last quarter, compared to a loss of €394m in Q2 2018.
The post Spotify’s Q2 2019: 108m subscribers, €1.67bn revenues, and a €76m net loss appeared first on Music Ally.
Source: Music ally

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