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.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
These fast-food stocks can strengthen your portfolio this year. Here’s why
For American restaurant chains, the early months of the pandemic were a challenging period. But soon things changed for the better as people started ordering their favorite food items online
What to expect when McCormick & Company (MKC) reports Q1 results next week
Shares of McCormick & Company, Incorporated (NYSE: MKC) were up over 2% on Friday. The stock has dropped 12% year-to-date. The condiments manufacturer is scheduled to report its first quarter 2023
KB Home (KBH) Earnings: 1Q23 Key Numbers
KB Home (NYSE: KBH) reported total revenues of $1.38 billion for the first quarter of 2023 which was relatively flat compared to the same period last year. Net income of