Categories AlphaGraphs, Earnings, Technology
Infographic: Highlights of Spotify’s (SPOT) Q2 2022 earnings
Spotify Technology S.A. (NYSE: SPOT) reported a 23% increase in revenues for the second quarter of 2022. However, the music streaming platform’s net loss widened during the quarter.
The Sweden-based company reported total revenues of €2.86 billion for the second quarter of 2022, which is up 23% from the year-ago period. It had around 433 million monthly active users at the end of the quarter, up 19% from the prior-year period. There was a 14% increase in the number of premium subscribers.
Meanwhile, net loss widened to €125 million or €0.85 per share in the second quarter from €20 million or €0.19 per share in the year-ago period.
Check this space to read management/analysts’ comments on Spotify’s Q2 results
During the quarter, the company closed the acquisition of Findaway, which works across the entire audiobook ecosystem with a platform and offerings that serve authors, publishers, and consumers. It also announced the acquisition of Sonantic, a dynamic AI voice platform.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
