🔹 Revenue: €4.19B (Est. €4.27B) 🔴; UP +10% YoY
🔹 EPS: (€0.42) (Est. €2.05) 🔴
🔹 Gross Margin: 31.5%; UP +227 bps YoY
🔹 Subscribers: 276M; UP +12% YoY
🔹 MAUs: 696M; UP +11% YoY
Q3 Guidance
🔹 MAUs: 710M (Est. 707.16M) 🟢
🔹 Revenue: €4.2B (Est. €4.48B) 🔴
CEO Commentary
🔸 “People come to Spotify and they stay on Spotify. By constantly evolving, we create more and more value for the almost 700 million people using our platform.”
🔸 “This value not only benefits users but it’s attracting more people to streaming and as a result, it’s also boosted the industries of music, podcasts, and audiobooks.”