Spotify – Podcasts Pad Revenue Despite Cancel Calls
April 27 2022 - 12:55PM
ValueWalk
Spotify Technology SA (NYSE:SPOT)’s first quarter revenue rose 19%
to €2.7bn, ignoring the impact of currency changes. That was better
than management’s guidance, and reflected double-digit growth in
both Premium and Ad-supported revenue. Monthly Active Users (MAUs)
also grew beyond expectations. Gross margins of 25.2% were also
ahead of guidance, but lower than last year. […]
https://www.valuewalk.com/spotify-podcasts-pad-revenue-despite-cancel-calls/
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