{"id":96291,"date":"2023-07-25T14:00:00","date_gmt":"2023-07-25T13:00:00","guid":{"rendered":"https:\/\/routenote.com\/blog\/?p=96291"},"modified":"2023-07-25T13:58:20","modified_gmt":"2023-07-25T12:58:20","slug":"spotify-q2-2023","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/spotify-q2-2023\/","title":{"rendered":"Spotify continues to see growth in users and subscribers &#8211; Q2 2023 results"},"content":{"rendered":"\n<h2 style=\"user-select: auto;\"><span style=\"color: #3366ff; user-select: auto;\">Spotify just reported their second quarter results, which includes the latest number of monthly active users and paying subscribers.<\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/routenote.com\/blog\/spotify-q1-2023\/\">As every quarter,<\/a> Spotify just published their Q2 2023 results, which includes their <a href=\"https:\/\/s29.q4cdn.com\/175625835\/files\/doc_financials\/2023\/q2\/Shareholder-Deck-Q2-2023-FINAL.pdf\">full financial performance<\/a>, a <a href=\"https:\/\/investors.spotify.com\/events\/default.aspx#featured-events\">webcast Q&amp;A on their Investor Relations site<\/a>, as well as the infographic below. Here are the top points from Spotify:<\/p>\n\n\n\n<ul><li>Monthly Active Users <a href=\"https:\/\/routenote.com\/blog\/spotify-q2-2022\/\">surged 27%<\/a> to 551 million. Net additions of 36 million were 21 million ahead of guidance and represent an all-time high for the company.\u00a0<\/li><li>Subscribers <a href=\"https:\/\/routenote.com\/blog\/spotify-q2-2022\/\">grew 17% Y\/Y<\/a> to 220 million. Net additions of 10 million were 3 million ahead of guidance and represent the highest Q2 in company history.\u00a0<\/li><li>Total Revenue grew 11% Y\/Y to \u20ac3.2 billion, in-line with guidance.\u00a0<\/li><li>Adjusted Gross Margin** finished in-line with guidance at 25.5% excluding charges related to our actions in the quarter to streamline operations and reduce costs.<\/li><li>Adjusted Operating Loss** of (\u20ac112) million was better than guidance, excluding charges related to our actions in the quarter to streamline operations and reduce costs.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/routenote.com\/blog\/spotify-premium-increase-this-week\/\">Will this upward trajectory continue despite yesterday&#8217;s Premium price increase?<\/a><\/p>\n\n\n\n<p>Spotify highlights some of the biggest features that came to the platform between April &#8211; June 2023 for users and artists, including <a href=\"https:\/\/routenote.com\/blog\/11-new-spotify-languages-have-been-added-to-the-app\/\">launching 11 new languages<\/a>, <a href=\"https:\/\/routenote.com\/blog\/how-many-podcasts-are-on-spotify\/\">surpassing 100,000 video podcasts<\/a>, <a href=\"https:\/\/routenote.com\/blog\/spotify-updates-desktop-apps\/\">an update to the desktop experience<\/a>, <a href=\"https:\/\/routenote.com\/blog\/spotifys-dj-in-the-uk-and-ireland\/\">rolling out the AI DJ to the UK and Ireland<\/a>, <a href=\"https:\/\/routenote.com\/blog\/share-what-youre-listening-to-on-bereal\/\">integrating BeReal<\/a> and more.<\/p>\n\n\n\n<figure class=\"wp-block-gallery columns-1 is-cropped\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" width=\"1920\" height=\"1080\" src=\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2023\/07\/2.jpg\" alt=\"\" data-id=\"96293\" data-link=\"https:\/\/routenote.com\/blog\/?attachment_id=96293\" class=\"wp-image-96293 lazyload\"\/><\/figure><\/li><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" width=\"1920\" height=\"1080\" src=\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2023\/07\/3.jpg\" alt=\"\" data-id=\"96294\" data-link=\"https:\/\/routenote.com\/blog\/?attachment_id=96294\" class=\"wp-image-96294 lazyload\"\/><\/figure><\/li><li class=\"blocks-gallery-item\"><figure><img loading=\"lazy\" width=\"1920\" height=\"1080\" src=\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2023\/07\/4.jpg\" alt=\"\" data-id=\"96295\" data-link=\"https:\/\/routenote.com\/blog\/?attachment_id=96295\" class=\"wp-image-96295 lazyload\"\/><\/figure><\/li><\/ul><figcaption class=\"blocks-gallery-caption\"><em>Image Credit: <a href=\"https:\/\/newsroom.spotify.com\/2023-07-25\/spotify-reports-second-quarter-2023-earnings\/\">Spotify<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<p>This comes along with a new sizzle reel, showcasing the latest original and exclusive podcasts available for all to stream.<\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/storage.googleapis.com\/pr-newsroom-wp\/1\/2023\/07\/Spotify-Earnings-Podcast-Trailers-Q2-2023-v1.mp3\"><\/audio><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/routenote.com\/blog\/can-i-upload-my-music-to-spotify-yes-and-its-free\/\">Upload to the number one most popular music streaming service for free and find your new audience, with RouteNote.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spotify just reported their second quarter results, which includes the latest number of monthly active users and paying subscribers.<\/p>\n","protected":false},"author":9,"featured_media":96292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[825],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - 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