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
What to look for when Hormel Foods (HRL) reports Q4 2023 earnings
Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings
Kroger set to report Q3 results. Here’s everything you need to know
The Kroger Co. (NYSE: KR), a leading grocery retailer that operates both in-store and online, will be reporting earnings this week. The company, which is preparing to acquire rival retailer
Earnings Preview: Salesforce will likely deliver another strong quarter
Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative
