Spotify released its Q2 earnings report, with generally upward-moving numbers and new records set. Those numbers didn’t hit investor expectations, though, creating tumult in the company’s stock movement.
Below, the five-day view of Spotify stock:
The severe dip and recovery describes investor reaction to Spotify’s Q2 earnings.
Stock movement aside, Spotify accomplished several success metrics:
- Premium subscribers reached the record level of 300 million, slightly surpassing Spotify’s own projection.
- Monthly active users (MAUs) were 777 million, a 12% gain year-over-year.
- Quarterly revenue also enjoyed a double-digit gain YOY, lifting to $5.5 billion.
- A record gross margin reached 33.4%.
