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Spotify has followed a positive first quarter of this year with a similarly rosy second quarter. Revenue growth remained fairly constant, and net losses fell sharply.


  • With operating expenses up just 4.3% in 2Q19, to €437m, from €419m in 2Q18, operating losses shrank, to €3m, from €90m, resulting in a near-breakeven operating margin.

Features and Benefits

  • Details second-quarter financial results for music streaming service Spotify.
  • Examines financial performance and operating details including subscription growth and an assessment of monthly active users.

Key questions answered

  • How many paying subscribers did Spotify have at end-June?
  • Why, according to the company, did the number of new subscribers come in at the low end of the forecast guidance?

Table of contents

Ovum view

  • Summary
  • Rising revenue and narrowing losses for Spotify
  • Paying subscribers at the lower end of expectations
  • Europe and North America concede share to emerging markets


  • Author

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