Spotify Says AI Remix Tool Has ‘Strong Momentum’ and AI Investments Are ‘In Our Control’
Source ↗
👁 1
💬 0
Spotify said on Tuesday (Aug. 4) it added one million more new premium subscribers in the second quarter than expected, which helped to offset a slight miss on its guidance for total monthly user growth and helped meet revenue growth targets.
Spotify’s total 777 million monthly average users generated 14% revenue growth of 4.777 million euros ($5.546 billion), in line with earlier guidance. The streamer beat guidance on its all-important gross margin, which expanded by 193 basis point
Spotify’s total 777 million monthly average users generated 14% revenue growth of 4.777 million euros ($5.546 billion), in line with earlier guidance. The streamer beat guidance on its all-important gross margin, which expanded by 193 basis point
Comments (0)