Spotify Q2: 180M Users, Net Loss More Than Doubles
Spotify has just reported financial results for Q2 2018, ending June with 180 million monthly active users, including 83 million paid subscribers. That's up 30.4% and 40.7% respectively over the same quarter 2017.
Spotify generated revenues of $1.5B USD in Q2, up 26.4% year-on-year. But the net loss was$461.4M compared to a net loss of $220M for the same quarter last year.
We'll have more after today's AM ET earnings call.