Spotify Technology S.A. (NYSE: SPOT) reported second quarter 2023 earnings results today.
Total revenue increased 11% year-over-year to EUR3.1 billion.
Net loss attributable to owners of the parent was EUR302 million, or EUR1.55 per share, compared to a loss of EUR125 million, or EUR0.85 per share, last year.
Total monthly active users (MAUs) grew 27% YoY to 551 million.
For the third quarter of 2023, the company expects total revenue of EUR3.3 billion and total MAUs of 572 million.
Prior performance
Most Popular
After a weak first half, will NIKE (NKE) hit the recovery path this year?
After a prolonged slowdown, NIKE, Inc. (NYSE: NKE) is working on a turnaround plan to regain the brand’s strength. In recent years, the sneaker giant’s overall performance has not been
Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report
Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon
Lamb Weston’s (LW) challenges may not end soon, a few points to note
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results
