Spotify narrowly missed its subscriber target for the last quarter. The Swedish music-streaming service welcomed 8 million new paid subscribers, taking its total to 108 million, but was approximately 500,000 short of its forecast. Spotify remains the most popular music streaming site in the world; Apple has 60 million paid subscribers, while Amazon has signed up 32 million people to its music services, according to the Financial Times.
Monica Hart, MBA, MA, FCIM/BA评论了
Spotify reported its second-quarter earnings yesterday, which beat on revenue but missed on subscriber growth. Most of Spotify's revenue comes from paid subscriptions. The company added 108 million premium subscribers in 2Q, just shy of the 108.5 million expectation. Read more on Business Insider #music #streaming #spotify https://lnkd.in/de8_JVF
Spotify reported its second-quarter earnings yesterday, which beat on revenue but missed on subscriber growth. Most of Spotify's revenue comes from paid subscriptions. The company added 108 million premium subscribers in 2Q, just shy of the 108.5 million expectation. Read more on Business Insider #music #streaming #spotify https://lnkd.in/de8_JVF
Chris Gill评论了
Podcasts continue to grow across the board. It's become a format of content that anyone can participate in, and everyone wants a piece of. Spotify pushing this hard into podcasts has a number of implications, from Spotify created content and ad sales potential, to continued change in user behavior. As an avid podcast listener myself, it's amazing how this development has done for me what Netflix did for me when it first came out... consolidation. I don't need multiple apps or sources for my content when it's all so convenient and well laid out in a single app, Spotify. Continued investment in podcasts has its own revenue potential, sure, but it's also another user acquisition and retention mechanism as well.
Spot on (pun somewhat intended). Consolidation, choice and convenience - these are the "musts" for content going forward. That shift is a big reason why old media struggles to hold our attention.
Podcasts continue to grow across the board. It's become a format of content that anyone can participate in, and everyone wants a piece of. Spotify pushing this hard into podcasts has a number of implications, from Spotify created content and ad sales potential, to continued change in user behavior. As an avid podcast listener myself, it's amazing how this development has done for me what Netflix did for me when it first came out... consolidation. I don't need multiple apps or sources for my content when it's all so convenient and well laid out in a single app, Spotify. Continued investment in podcasts has its own revenue potential, sure, but it's also another user acquisition and retention mechanism as well.
Founder CEO & CIO @Riess Consulting | ESG & Digital Board Advisor | WomenTech Global Award 3x | TechWomen100 | Strategy Executive & Keynote Speaker
#Spotify hits 108M #payingusers and 232M overall, but its average revenue per user declines: 1) Spotify added 8 million subscribers in the quarter that ended in June, slightly below the estimated 8.5 million figure, the #streaming giant reported today, 2) The top #musicstreamer said it had amassed 232 million monthly active users and 108 million paying subscribers at the end of June, up from 217 million users and 100 million subscribers in the quarter that ended in March. Monthly active users include paying subscribers and non-paying users, 3) We missed on subs… That’s on us,” the company said >> https://lnkd.in/gKdSDuR -- #technology #innovation #earnings #media #applemusic Barry McCarthy #CFO #operatingsystems #pandoraradio #software
#Spotify closed its second calendar quarter this year with 108m paying subscribers and 232m total Monthly Active Users (MAUs). https://lnkd.in/e9fqWDn
Data-focussed, creative & strategic marketing/sales innovator | helps impact/disruptor businesses & NFPs understand the big picture, transform & tackle the tactics needed to exceed OKRs/KPIs | passionately curious
I? could be very wrong here, but? I would say the reason is not enough focus on different B2B and B2C models that can guard revenue. I sold? royalty-free music rights at Getty B2B and that was decent business.? I don't know that enough has been made of the blockchain set up that might differentiate too? in B2B as dealing with copyright etc was a huge pain for anyone selling non royalty free media when I was doing it and it seems like digital is not so much transforming as gradually pushing B2B players who won't evolve towards a cliff in a lemming-style scenario. Oh and? Spotify was an MBA? strategy case study? for people the year before me... I got McDonalds instead:-)