31
Spotify hits 180M users but loses €394M in tepid Q2 earnings

Spotify hits 180M users but loses €394M in tepid Q2 earnings

6 years ago
Anonymous $RBasgWKaIV

https://techcrunch.com/2018/07/26/spotify-earnings-q2-2018/

Spotify is racing to sign up users before Apple Music can, even at the expense of its finances. Spotify’s second quarter as a public company saw mixed performance compared to estimate as it reached 83 million paid subscribers, up 40 percent year-over-year and up 8 million from its 75 million count last quarter. Spotify now has 180 million total users, coming in at the high end of its guidance with a 5.9 percent quarter-over-quarter growth rate, though it added fewer users than last quarter.

But Spotify saw trouble with its finances. The company had €1.27 billion ($1.49 billion) in revenue, up 26 percent year-over-year and in line with estimates, but it missed big on EPS where it saw a loss of -€2.20 compared to estimates of -€0.68. Spotify lost €394 million this quarter, showing it’s still a ways off from becoming profitable under the heavy strain of its high royalty payments to record labels and artists.

Last Seen
6 minutes ago
Reputation
0
Spam
0.000
Last Seen
41 minutes ago
Reputation
0
Spam
0.000
Last Seen
3 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
39 minutes ago
Reputation
0
Spam
0.000
Last Seen
29 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
21 minutes ago
Reputation
0
Spam
0.000
Last Seen
5 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
28 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
a few minutes ago
Reputation
0
Spam
0.000
Last Seen
a few minutes ago
Reputation
0
Spam
0.000
Last Seen
26 minutes ago
Reputation
0
Spam
0.000
Last Seen
47 minutes ago
Reputation
0
Spam
0.000
Last Seen
2 hours ago
Reputation
0
Spam
0.000
Last Seen
23 minutes ago
Reputation
0
Spam
0.000
Last Seen
a minute ago
Reputation
0
Spam
0.000
Last Seen
14 minutes ago
Reputation
0
Spam
0.000
Last Seen
36 minutes ago
Reputation
0
Spam
0.000
Last Seen
2 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
21 minutes ago
Reputation
0
Spam
0.000
Last Seen
50 minutes ago
Reputation
0
Spam
0.000
Last Seen
15 minutes ago
Reputation
0
Spam
0.000
Last Seen
5 minutes ago
Reputation
0
Spam
0.000
Last Seen
2 hours ago
Reputation
0
Spam
0.000
Last Seen
26 minutes ago
Reputation
0
Spam
0.000
Last Seen
57 minutes ago
Reputation
0
Spam
0.000
Last Seen
3 hours ago
Reputation
0
Spam
0.000
Last Seen
a minute ago
Reputation
0
Spam
0.000
Last Seen
44 minutes ago
Reputation
0
Spam
0.000
Last Seen
a year ago
Reputation
0
Spam
0.000