Spotify Highlights Growth, Profitability, and Podcasts in Q2
Spotify (NYSE: SPOT) announced its quarterly earnings at the end of July. Despite a mixed market reaction to the report, there was plenty of good news to be found in the results.
Most importantly, management offered hints that the company's strategy is evolving with podcasts and original content in the spotlight. Here are three of the biggest takeaways for investors.
Spotify's subscriber growth numbers were a mixed bag. The headline is undoubtedly the overall growth of premium subscribers, which didn't quite meet expectations. Spotify had 108 million premium subscribers at the end of the quarter, which was within the projected range of 107 million to 110 million but below the midpoint for that range.
Source Fool.com
