The company will hold a question and answer session to discuss second quarter 2021 financial results at 8:00am Eastern Time. Overall, Alphabet reported earnings per share of $27.26 . Interestingly, the regional breakdown for both MAUs and premium subscribers – which typically fluctuates by at least a few percentage points – remained exactly the same between Q1 and Q2, with 34 percent of MAUs located in Europe, 24 percent in North America, 22 percent in Latin America, and 20 percent in Rest of World. Spotify Technology S.A. (SPOT) CEO Daniel Ek on Q2 2021 Results - Earnings Call Transcript Wed, Jul. Found inside – Page iFor book publishers large and small: the #1 guide to creating and distributing metadata for maximum sales. The Metadata Handbook shows how metadata works, enhancing findability, discoverability, and, of course, book sales. To hear the webcast Q&A, click here. These podcast statistics give us some unique insights into how the business is performing and what moves we might see in the coming months. If 88% is the final percentage for the quarter, it will mark the highest percentage of S&P 500 companies reporting a positive EPS . Q2 revenue of €2.33 billion (about $2.75 billion) was up 23% year over year, due to “significant advertising strength and subscriber outperformance.” Spotify Premium revenue grew 17% to €2.06 billion ($2.43 billion) and ad-supported revenue rose 110% to €275 million ($325 million). Tags: Financials Podcasts Spotify. Here are some more takeaways from Spotify's Q2 2020 financial results: - More on regions. Spotify Know-how SA (NYSE: SPOT) Q2 2021 earnings name dated Jul. Found inside – Page 1This is a book for everyone who is ready to choose courage over comfort, make a difference and lead. When we dare to lead, we don't pretend to have the right answers; we stay curious and ask the right questions. }, +  3  =  6 .hide-if-no-js { Spotify Technology S.A. SPOT will release second-quarter 2021 results on Jul 28, before the bell. Spotify Q2'21 Earnings Call. It reported operating income of €12 million ($14 million), versus an operating loss of €167 million ($197 million) in the year-ago period. Click here to review the … Spotify Technology S.A. to Announce Financial Results for Second Quarter 2021, https://www.businesswire.com/news/home/20210630005307/en/. On Jul 28, 2021, Spotify (NYSE: SPOT) reported Q2 2021 earnings per share (EPS) of -$0.12, up 94.45% year over year. Posted on September 7, 2021 by Administrator. Spotify Technology SA (NYSE:SPOT) … Motley Fool Transcribers. The Good and Bad of Spotify's Q2 2021 Earnings: Analysis; The Good and Bad of Spotify's Q2 2021 Earnings: Analysis. Here’s a Detailed Breakdown of Radio Monitoring Companies, An Insanely Detailed Discussion About the Music Modernization Act, Ryan Adams Says He’s About to Lose Everything — “I’m 46 and Scared I’m Gonna Be Living In My Sister’s Basement”, Slipknot’s Founding Drummer Joey Jordison Has Died – Age 46, Spotify Has Opened Its Release Radar Playlist to Advertisers — Beginning With Disney+, Spotify Playlist Curators Says Copyright Abuse Is On the Rise — And Spotify Isn’t Doing Much About It, Spotify Stock Rebound Continues As KeyBanc Sets $340 Target Price. In the minutes before its quarterly earnings call this morning, Spotify played advertisements for its originals … Several other metrics also exceeded expectations, including revenue, gross margin and operating income. Presentation: Operator. What Investors Need to Know About Spotify's Q2 Earnings Podcasts are making a difference, but is user growth cause for concern? display: none !important; Still Plans to Debut the Movie Simultaneously on HBO…, Courtney B. Vance Pays Tribute to Michael K. Williams During Emmy Acceptance Speech, Box Office: ‘Shang-Chi’ Triumphs Again in Second Weekend, ‘Malignant’ Misfires, Conan O’Brien Mourns Norm Macdonald: ‘I Am Absolutely Devastated’, This Ultra-Rare Rolex Dive Watch Could Fetch up to $2.6 Million at Auction, Steph Curry’s Unanimous Media Signs Deal With Comcast NBCUniversal, The Best-Selling Honey Will Wow Your Taste Buds, Riverdale EP Hints at 'Barchie' Reunion: 'They More Than Just Glance at Each Other' in Season 5's Final Episodes. Explaining the lower-than-anticipated addition to MAUs, higher-ups cited “lighter user intake during the first half of the quarter” and emphasized that “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.”. investors.spotify.com, Public Relations: 28, 2021. Subscribers are currently at 165 million, up 20% from 138 million in Q2 2020. Analyzes the principles of stock selection and various approaches to investing, and compares the patterns and behavior of specific securities under diverse economic conditions Continue . Readers will follow the 15 personal power-ups the author used to transform himself from academic and social failure to wildly successful marketing entrepreneur and podcaster--by applying his mindset as a competitive eSports gamer to real ... Spotify also had a better average rate than Pandora, which paid about $0.00151. Spotify is the world’s most popular audio streaming subscription service with a community of more than 356 million Monthly Active Users and 158 million Premium Subscribers. Significantly, “the percentage of MAUs that engaged with podcast content on our platform improved modestly relative to Q1,” with the total having remained flat at 25 percent between Q4 2020 and Q1 2021. “Thus far, artists with tracks in Discovery Mode have found over 40% more listeners on average compared to pre-Discovery Mode,” higher-ups wrote. Recorded Music Industry Grew 27% During 2021’s First Half — As Vinyl Revenue Nearly Doubled, Lana Del Rey Goes Dark — Deletes All Social Media Accounts, Universal Music Group Stock: Expected Availability, Latest Valuation Estimates (Updated), How Much Does Spotify Pay Per Stream? "Most of our major metrics — Subscriber growth, Revenue, Gross Margin, and Operating Income — performed better than expected this quarter," the . Does this revolution herald the collapse of culture, as some commentators claim? Far from it. In Digital Renaissance, Joel Waldfogel argues that digital technology is enabling a new golden age of popular culture—a digital renaissance. The story for everyone else appears as positive change in all key metrics: The Digital Economy Report 2019 on "Value creation and capture: Implications for developing countries" takes stock of recent trends in the global digital landscape and discusses the development and policy implications of data and digital ... 2021 was $-0.23. You can sign up for additional alert options at any time. Digital Music News ©2018 All Rights Reserved, Here Are Some of the Latest — and Most Significant — Sync Music Deals, Here’s How a Volume-Based Sync Licensing Approach Helped These Musicians Score a VRBO Placement, Here’s What Drives Sync Licensing Success — According to a Veteran Creator Fresh Off a Samsung Placement, How I Landed a Juicy Sync Deal With SZA and TAZO, Fitness Apps Are Using Indie Music to Revolutionize Workouts — With Additional Growth and Licensing Opportunities Forthcoming, How to Avoid DMCA Strikes Against Your Twitch Channel — A Short Guide, What Music Is Making Movies Tick? Total Spotify earnings for the quarter were -$23.81 million. The percentage of monthly active users that listened to podcasts improved “modestly” relative to Q1, when about 25% of total users listened to podcasts, the company said. Spotify Q2 earnings: Users and revenue up slightly; stock down harshly. Spotify also called out Olivia Rodrigo’s new album, “Sour,” which in May set the record for biggest streaming debut for any album on the platform so far in 2021 with more than 63 million first-day streams worldwide. At Spotify, we promise to treat your data with respect and will not share your information with any third party. Open Book is Jessica Simpson using her voice, heart, soul, and humor to share things she’s never shared before. 2021 was $-1.40. Notwithstanding the miss on the MAUs front, however, premium accounts, at 165 million at Q2 2021’s conclusion, touched the upper end of the range. Spotify posted a net loss of €20 million ($24 million) for the quarter, an improvement from a net loss of €356 million ($420 million) in Q2 2020. The standout metric in Spotify's Q2 earnings was monthly average users, which grew 9 million from 356 to 365 million — with 7 million of those coming from new subscribers. Read the full Spotify Q2 2021 earnings report here. The MAU growth for Spotify was, however, slower than expected, Spotify said in its Q2 earnings report. Its revenue grew 33% YoY to €1.511 billion (US$ 1.690 billion), but operating expenses were also very high. Spotify (SPOT) Q2 2020 earnings July 29, 2020 admin Earnings 0 Spotify said on Wednesday music streaming demand had rebounded from the coronavirus-related weakness it saw at the start of the quarter and its paid subscribers reached 138 million, ahead of Wall Street estimates. display: none !important; UPDATE: Spotify stock fell 6% Wednesday A graphic produced by Spotify for the Q2 earnings announcements shares user stats and touts new features. The average on Spotify in 2020 was $0.00318 per stream. However, it is important to consider Stock-based compensation as a real expense. At the end of Q2, Spotify had 2.9 million podcasts on the platform, up from 2.6 million at the end of Q1. Found insideThis book presents both sides of the story, including Larry Summer’s “prudent imprudence for fiscal expansion”, George Soros’ “reflexivity theory applied to monetary policy”, Mohamed El-Erian ́s “T-juction and diplomatic ... Spotify’s podcast advertising growth — which topped its internal forecast — benefited from a triple-digit year-over-year gain at existing Spotify studios (The Ringer, Parcast, Spotify Studios and Gimlet) along with contributions from the Megaphone acquisition, the exclusive licensing of Joe Rogan’s controversial and popular podcast, and projects from the Obamas’ Higher Ground. For Q4, it projected 400 million-407 million overall MAUs and 177 million-181 million Premium subscribers. Spotify Technology S.A. SPOT will release second-quarter 2021 results on Jul 28, before the bell. [email protected]. Spotify is still on track for strong MAU growth for full-year 2021 that will outpace 2018 and '19, coming off a bumper crop of net adds last year, Ek told analysts … ' Wall Street Journal HOLLYWOOD PARK is a remarkable memoir of a tumultuous life. Mikel Jollett was born into one of the country's most infamous cults, and subjected to a childhood filled with poverty, addiction, and emotional abuse. 07 Sep. NetEase, Inc. (NASDAQ: NTES) Q2 2021 earnings call dated Aug. 31, 2021. Spotify Earnings Preview: Six Things to Watch for in This Week's Q2 Report Written by on July 26, 2021 . Found insideAbove all, this book shows what is at stake: the future of civil discourse and democracy, and the value of truth itself. Spotify Technology SA (SPOT) Q2 2021 Earnings Call Transcript. The company’s previous Q2 guidance was for overall monthly users of 366 million-373 million and 162 million-166 million paying subscribers. Adjusted earnings, which exclude stock-based compensation expenses, were $0.79, compared with $0.77 cents a share YoY. During the quarter, the company announced exclusive licensing deals for Alex Cooper’s sex-positive “Call Her Daddy” podcast — which sources said was worth more than $60 million over three years — and Dax Shepard’s “Armchair Expert,” both of which are now exclusively on Spotify. Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. Analysts: Alex Yao — J.P. Morgan . Found insideIn Rough Ideas, Hough writes about music and the life of a musician, from exploring the broader aspects of what it is to walk out onto a stage or to make a recording, to specialist tips from deep inside the practice room. He said he remains optimistic that over the long term the streamer can amass a base of 1 billion users. The company also blamed part of the shortfall on “a temporary issue related to user intake on a third-party platform” related to email verifications. Borrowing the notion of “teardown” from reverse-engineering processes, in this book a team of five researchers have playfully disassembled Spotify's product and the way it is commonly understood. © Copyright 2021 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. Q2 was a strong quarter with solid performance across many aspects of our business. Bryan Goldberg - Head of Investor … Podcasting Spotify 0 Spotify Q2 earnings: Users and revenue up slightly; stock down harshly. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Found insideFilled with engaging anecdotes and meticulous research, the book illustrates the principles and strategies of deep value investing and examines the counterintuitive idea behind its extraordinary performance. Report by Mark Mulligan. Questions for the Investor Relations department can be emailed to [email protected] or submitted by clicking on the button below. display: none !important; Passing judgement on Spotify's second-quarter earnings depends on one's point of view. Spotify released its Q2 financials and user metrics today. 2021 was $-.12.Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. MAU goal fell short. Found insideClean water is as basic to life on planet Earth as hydrogen or oxygen. In her long-awaited book—her first to reckon with the condition of water on our planet—Erin Brockovich shows us what’s at stake. Podcast Statistics: Q2 2021. What are the new technologies that are being introduced that will influence how we sell or market? All these questions are answered in the book. This edition also contains new low-cost high- and low-tech tips for marketing and promotion. These above-average growth rates are due to a combination of higher earnings for 2021 and an easier comparison to weaker earnings in 2020 due to the negative impact of COVID-19 on a number of industries. Overall, 89% of the companies in the S&P 500 have reported actual results for Q2 2021 to date. By our calculations, Spotify added fewer than 1.6 million new monthly active users in Europe last quarter, compared to 3.4 million in North America, 2.9 million in Latin America and 5.2 million in the rest of the world. Spotify released its earnings for Q1 2019 on April 29. Spotify Know-how SA (NYSE: SPOT) Q2 2021 earnings name dated Jul. Spotify Technology S.A. (NYSE: SPOT) will post its second quarter 2021 financial results and letter to shareholders on Wednesday, July 28, 2021 before market open. One bright spot: Spotify’s ad revenue more than doubled, which the company said was helped by podcast ad sales including for “The Joe Rogan Experience” and the Obamas’ Higher Ground podcasts. In the early morning of July 28, pre-market traders … Spotify's podcast ad revenue jumps 627% in Q2. SPOT earnings call for the period ending June 30, 2021. Spotify has announced its Q2 2021 earnings, and with it updated figures for its premium subscribers and monthly active users. “By accelerating our pace of innovation and investing for the long term, we continue to cement our standing as the preferred audio platform around the world.”. It delivered a negative . Spotify Q2 2021 financials reveal 365m listeners and 165m subscribers. billboard.com - Glenn Peoples • 6h. But during the 3-month free trial of Spotify Premium, I have downloaded some favorite Spotify songs with the help of Tunelf Spotibeat Music Converter. 40 percent of premium subscribers continue to reside in Europe, to 29 percent in North America, 20 percent in Latin America, and 11 percent in Rest of World. The company's earnings surprise history hasn't been impressive. Spotify's (SPOT) second-quarter 2021 revenues are likely to have increased year over year. Posted on July 28, 2021 by Brad Hill. If you experience any issues with this process, please contact us for further assistance. Covering April, May, and June of 2021, the document discloses at the outset that Spotify MAUs increased from 356 million to 365 million on the quarter, against an increase of 11 million in Q1 2021. Found insideWith insights from a variety of industry experts and both career and up-and-coming songwriters, this edition features the firsthand and insider knowledge songwriters need to launch their career. Dylan Smith is a writer and music fan who enjoys reading and watching sports in his spare time. Posted on July 28, 2021 by Brad Hill. Today, Spotify released our second quarter 2021 financial performance. Lars Tvede's Business Cycles is the best ever written book about business and investment cycles. Reading this book will enhance investors ability to understand price swings in bonds, commodities, equities and real estate.

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