Spotify’s Q2 results disappoint with 14% drop in shares and weaker projections

  • Spotify reported a Q2 loss of 1.55 euros per share and revenue of 3.18 billion euros, below analysts’ expectations.
  • Despite a 27% increase in monthly active users, the company posted a net loss of 302 million euros, widening from the previous year’s 125 million euro loss.
  • Premium subscription price increases are expected to have ‘minimal impact’ on Q3 revenue, despite a projected 20% rise for some plans.
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