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Spotify Q2 Earnings: Subscriber Growth Overshadowed by Profit Miss
Spotify Q2 Earnings: Subscriber Growth Overshadowed by Profit Miss
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BTCCSquare news:
Spotify Technology S.A. shares tumbled nearly 10% as the streaming giant's second-quarter earnings revealed a stark divergence between user growth and financial performance. While premium subscribers surged 12% to 276 million—exceeding analyst expectations—the company posted an unexpected €0.42 per share loss against projected profits of €1.97.
The Stockholm-based firm continues to prioritize AI-driven content curation and video expansion, even as operating costs squeezed margins. Record free cash FLOW of €700 million suggests underlying strength, but investors punished the stock for its €406 million operating profit that fell short of the €539 million forecast.
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