Spotify delivered strong Q2 2024 results with revenue growing 20% YoY to €3.8B, driven by Premium revenue up 21% to €3.35B and Ad-Supported revenue up 13% to €456M. The company reported net income of €274M compared to a loss of €302M in Q2 2023. Premium ARPU increased 8% YoY to €4.62.Monthly Active Users grew 14% YoY to 626M, while Premium Subscribers increased 12% to 246M. Gross margin expanded to 29% from 24% YoY, with Premium gross margin rising to 31% and Ad-Supported turning positive at 13%. Operating income was €266M versus a loss of €247M in Q2 2023.The company expanded its audiobook offering to additional markets including Canada, Ireland and New Zealand, offering Premium subscribers up to 15 hours monthly access to over 250,000 titles. Cash and short-term investments increased to €5.4B as of June 30, 2024, with Free Cash Flow of €697M for H1 2024.

Spotify delivered strong Q2 2024 results with revenue growing 20% YoY to €3.8B, driven by Premium revenue up 21% to €3.35B and Ad-Supported revenue up 13% to €456M. The company reported net income of €274M compared to a loss of €302M in Q2 2023. Premium ARPU increased 8% YoY to €4.62.Monthly Active Users grew 14% YoY to 626M, while Premium Subscribers increased 12% to 246M. Gross margin expanded to 29% from 24% YoY, with Premium gross margin rising to 31% and Ad-Supported turning positive at 13%. Operating income was €266M versus a loss of €247M in Q2 2023.The company expanded its audiobook offering to additional markets including Canada, Ireland and New Zealand, offering Premium subscribers up to 15 hours monthly access to over 250,000 titles. Cash and short-term investments increased to €5.4B as of June 30, 2024, with Free Cash Flow of €697M for H1 2024.