Spotify Technology S.A. Reports Strong Q2 2024 Performance
Tuesday, 23 July 2024, 13:29
Spotify's Performance in Q2 2024
Spotify Technology S.A. (NYSE: SPOT) has reported its second quarter 2024 earnings results today, showing significant developments in several areas.
Key Highlights
- Total revenue increased 20% year-over-year to EUR3.8 billion.
- Net income attributed to owners was EUR274 million, a substantial gain from a year prior.
- EPS improved to EUR1.33 compared to a net loss of EUR302 million or EUR1.55 per share last year.
- Strong increase in monthly active users (MAUs), reflecting broad appeal.
Conclusion
In summary, Spotify's significant revenue growth and return to profitability in Q2 2024 indicate a strong trajectory for the company in the current market landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.