Spotify Users Climb 12% to 777 Million; Third Quarter Forecast Misses Estimates
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Spotify Technology SA boosted its total users to 777 million in the second quarter, an increase of 12% from the same time last year. However, the company provided disappointing forecasts for active users and operating income in the current, third quarter.
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“Spotify Technology SA boosted its total users to 777 million in the second quarter, an increase of 12% from the same time last year, while also providing disappointing forecasts for active users and operating income in the current, third quarter.”
Bloomberg — Spotify Users Climb; Third Quarter Forecast Misses Estimates