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THU. BRIEF: Spotify Reports User Growth, Mixed Earnings • SiriusXM Soars • Facebook Stumbles
Spotify Denies High Churn Rate

Spotify Q2: 180M Users, Net Loss More Than Doubles

Spotify New $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.

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