Overview
- Spotify reported on Tuesday that Premium subscribers reached 300 million and monthly active users hit 777 million, with Q2 revenue of about €4.8 billion and operating income of €655 million.
- The company said gross margin rose to a record 33.4 percent, which it attributes to faster Premium growth and favorable podcast and ad dynamics that reduced net content costs.
- Spotify is rolling out new personalized products including a U.S. beta of Personal Podcasts and a research preview of Studio by Spotify Labs to let users create custom audio experiences.
- The firm is expanding creator and fan commerce programs such as Reserved ticketing with Live Nation, Audiobooks+ add-on tiers, an Olivia Rodrigo concert film exclusive, and a paid fan-covers/remix tool under a Merlin agreement.
- For Q3 Spotify guided to about 305 million Premium subscribers, 788 million MAUs and roughly €5.0 billion in revenue, signaling management expects continued subscriber-led revenue and margin gains.