News - 31/07/2018

Spotify's financial results for the second quarter of 2018

Spotify's financial results for the second quarter of 2018

Streaming giant Spotify just published its financial results for the second quarter of 2018. The company ended June with 180 million monthly active users, including 83 million subscribers: this means up 30.4% and 40.7% - respectively - year-on-year, and up 5.9% and 10.7% quarter-on-quarter.

Spotify generated revenues of €1.27bn (around $1.49bn) in Q2 this year, (up 26.4% year-on-year), but the company reported a net loss of €394m (around $461.4m) while last year, during the same quarter, it lost  €188m.

https://a6p8a2b3.stackpathcdn.com/3Y9Vt-5O-h7wVi5tyjXbnP6LfEg=/700x0/smart/http%3A%2F%2Fmusically.com%2Fwp-content%2Fuploads%2F2018%2F07%2FSpotify-Revenues-vs-Net-Losses-%25E2%2582%25ACm.png

Spotify’s cost of revenues – including royalties – were €944m (around $1.1bn) in the second quarter this year, accounting for 74.2% of its turnover. That compares to just under 77% in Q2 2017, and 85.4% in Q2 2016.

Also, Spotify saw its free listeners grow by 23.2% year-on-year to 101 million. Moreover, premium subscribers grew 40.7% to 83 million: this means that Spotify’s conversion rate – the percentage of its listeners who are subscribers – stood at 45.1% in Q2 this year. That compares to 41.8% a year ago, and just under 34% a year before that.

https://a6p8a2b3.stackpathcdn.com/MhKviJ7_qO0DZ7Yytw9SpXuOgJg=/700x0/smart/http%3A%2F%2Fmusically.com%2Fwp-content%2Fuploads%2F2018%2F07%2FSpotify-Subscribers-and-Ad-Supported-MAUs-m.png

 

© 2024 All rights reserved. Rockol.com S.r.l. Website image policy

Rockol

  • Rockol only uses images and photos made available for promotional purposes (“for press use”) by record companies, artist managements and p.r. agencies.
  • Said images are used to exert a right to report and a finality of the criticism, in a degraded mode compliant to copyright laws, and exclusively inclosed in our own informative content.
  • Only non-exclusive images addressed to newspaper use and, in general, copyright-free are accepted.
  • Live photos are published when licensed by photographers whose copyright is quoted.
  • Rockol is available to pay the right holder a fair fee should a published image’s author be unknown at the time of publishing.

Feedback

Please immediately report the presence of images possibly not compliant with the above cases so as to quickly verify an improper use: where confirmed, we would immediately proceed to their removal.