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Spotify's quarterly revenue, user growth beats expectations in Q2

Premium subscribers, which account for most of the company's revenue, rose to 188 million, beating analysts' expectations of 187 million

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2 min read Last Updated : Jul 27 2022 | 4:37 PM IST

Spotify reported second-quarter revenue above analysts' estimates on Wednesday, helped by a 14% jump in paying subscribers as more users listened to its podcasts, and the company forecast an upbeat current quarter.

The Swedish music streaming company posted a 23% increase in revenue to 2.9 billion euros ($2.94 billion), beating analysts' expectations of 2.8 billion euros, according to IBES data from Refinitiv.

Premium subscribers, which account for most

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Topics : Spotify Spotify listing profit margins

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