It was reported that Spotify is in talks with partners to feature full-length music videos in its app, putting itself in line with YouTube Music.
However, users are still waiting for the Spotify HiFi tier to arrive on the market and a recent report suggests the company might launch HiFi sometime in 2023.Īpart from that, the Stockholm-headquartered company is trying to diversify the content on its platform. Spotify added a number of features during the second quarter, including a redesigned desktop app, widgets for iOS, and integration with the Strava app. Its total revenue, reported at €3.2 billion ($3.5 billion approximately), grew by 11% year-over-over and is in line with the estimates, the company said.įurthermore, Spotify reported an adjusted operating loss of €112 million ($124 million) after taking into account the recent layoffs in the podcast division and related charges. On the financial front, Spotify reported a gross margin of 24.1% in the second quarter while missing the expectation of 25.5%. Spotify notes that the improved MAU count was supported by "strong growth amongst Gen Z listeners." Meanwhile, Europe and Latin America regions made significant contributions to its premium subscriber growth. Similarly, Spotify made net additions of 36 million to its monthly active users, beating the expectation by 21 million. By pasting it to the frame bar on the Spotify downloader, you are able to process the Spotify to MP3 conversion right away and then download it as common music files on your devices.
For reference, Spotify had 210 million paying subscribers in Q1 2023 with a 15% year-over-year growth. To download Spotify songs using SpotiDown Online Spotify Downloader, you only need to get the URL of the Spotify song you like. Spotify claims that the subscriber gain represents "the highest Q2 in company history." It was able to add 10 million premium users in the second quarter which exceeded estimates by 3 million.
0 kommentar(er)
