How did Spotify perform in the second quarter 2023?

Today, Spotify announced our second quarter 2023 financial performance. Spotify had a very strong quarter. We beat guidance and welcomed more users and subscribers than expected, with growth continuing to come from markets all over the world.

Should you buy Spotify Technology (spot) stock?

The consensus rating is "Buy". This stock does not have any record of stock splits. SPOT has an Altman Z-Score of 4.19 and a Piotroski F-Score of 5. Detailed statistics for Spotify Technology S.A. (SPOT) stock, including valuation metrics, financial numbers, share information and more.

How many Maus did Spotify have in a quarter?

Total MAUs grew 19% Y/Y to 422 million in the quarter, up from 406 million last quarter and above our guidance by 4 million. During March, there was a brief service outage that caused users to be involuntarily logged out of Spotify.

How did Spotify's ad-supported revenue perform?

Ad-Supported Revenue meaningfully outperformed, driven by higher sold impressions, increased CPMs, and accelerated demand within the Spotify Audience Network. The strength in advertising was broad-based across all sales channels, with the United States and United Kingdom meaningfully exceeding expectations.