2022-04-27
$SPOT Q1 ctd: Q2 guide in-line despite Russia shutdown. GM 25.2% as co continues to heavily invest. Re 2-sided Mktplace, they rolled out self-serve campaign in US, doubling no of new custs, 85% retention existing custs. Rolled out Spotify for Artists in 9 new languages...
Bloomberg
Spotify reports Q1 revenue rose 24% YoY to €2.66B, including €282M from ads, up 31% YoY; paid subscribers rose 15% YoY to 182M, despite losing 1.5M in Russia
Spotify Technology SA sank as a flat margin outlook failed to energize investors who have stuck with the stock through …
$SPOT Q1 c'td: 4.0m podcasts on platform end Q1 vs 3.6m end Q4, podcast consumption growth double-digits yoy, podcast share of total consumption new all-time high, >85% new podcast creatoin happening on their Anchor platform. Net net, looks good enough vs v low expectations.
Bloomberg
Spotify reports Q1 revenue rose 24% YoY to €2.66B, including €282M from ads, up 31% YoY; paid subscribers rose 15% YoY to 182M, despite losing 1.5M in Russia
Spotify Technology SA sank as a flat margin outlook failed to energize investors who have stuck with the stock through …