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Spotify Forecasts Weak Profit Despite User Growth
Spotify has forecasted a weaker-than-expected profit for the third quarter, citing slowing user growth in North America and Europe. This comes despite an overall 12% increase in users following recent product announcements.
4 Aug, 10:02 — 4 Aug, 10:11
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (32/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
Far L
Left
Center1
Center (1)
bloomberg
Right1
Right (1)
channel-news-asia
Far R
Geographic diversity— 2 regions9/34
Singapore1US1
ℹOnly 2 sources cover this story
Sources
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bloombergHigh3h ago
Spotify Users Climb 12% Following Splashy Product Announcements
Spotify Technology SA, the world’s largest music streaming service, boosted its total users to 777 million, an increase of 12% from the same time last year, suggesting a new suite of products and content offerings is attracting new customers.
By Ashley Carman
Read full article →channel-news-asiaMostly Factual3h ago
Spotify forecasts weak profit as user growth slows in North America, Europe
Read full article →Coverage Timeline
First report: bloomberg · 4 Aug, 10:02|Full coverage: 2 · 9m|Window: 9m
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