1/10/2023 0 Comments How to buy spotify stock![]() ![]() 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. However, Spotify had hoped to do rather better. The platform now has 165 million premium subscribers and 365 million monthly active users (MAUs), which is not only up 20% and 22% respectively year-on-year, but is also up from the 158 million premium subscribers and 356 million MAUs in the first quarter of this year. In the second quarter of 2021, Spotify did relatively well. ![]() Quarterly results: good, but could do better What is going to happen? What is the latest Spotify stock forecast?įirst a look at the results themselves. However, that was all about what has happened. The music streaming giant has been garnering a lot of new users throughout the various lockdowns and when its latest quarterly results came out on 28 July, there was a lot of interest. One of the platforms that people have been making use of is Spotify. Quarterly results: good, but could do betterĪs people have been largely confined to their homes in the past 18 months or so, it is not surprising that they have been turning to entertainment to help them through the worst of lockdowns and the pandemic. ![]()
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