![]() Separately, a user sign-up issue associated with a global third party platform created unexpected intake friction, which also impacted MAU growth. ![]() COVID-19 continued to weigh on our performance in several markets, and, in some instances, we paused marketing campaigns due to the severity of the pandemic. MAU performance was slower than expected due primarily to lighter user intake during the first half of the quarter. The exception was MAUs, where we fell short of our guidance range Most of our major metrics - Subscriber growth, Revenue, Gross Margin, and Operating Income - performed better than expected this quarter. Spotify opens its earnings report by admitting that its monthly active users (MUAs) didn’t hit the guidance it offered earlier in the year, offering two reasons for this. ![]() ![]() The company lost €20M ($24M) in the second quarter of the year, and also failed to hit its own growth targets, but there was some good news in the mix … Spotify profitability is still not a priority for the company, claims the streaming music service, as it announced another loss-making quarter. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |