Music Ally Focus #25: Spotify's Q2 results – huge revenue growth, slow user growth outside of Europe, N America and Latin America, and reveals an operating profit
Spotify has published its financial results for the second quarter of 2021: it now has 365 million monthly active users (MAUs) including 165 million premium subscribers, and added nine million users and seven million subscribers during Q2. The results also contained some interesting info about Greenroom, its Clubhouse-style app, showed slow growth in the "Rest of World" areas – and revealed an operating profit of €12m in Q2. Music Ally's Stuart Dredge and Joe Sparrow rummage around in the announcement and pull out the vital facts. 👋 Music Ally’s free weekly newsletter, The Knowledge: musically.lnk.to/knowledgepo -------- Ⓜ️ Subscribe to Music Ally's industry-standard analysis, reporting and news: musically.com/subscribe Instagram: https://www.instagram.com/musicallybiz Twitter: https://twitter.com/musically Facebook: https://www.facebook.com/musicallyfb --- Send in a voice message: https://podcasters.spotify.com/pod/show/musically/message