Spotify Reports Unexpected Q2 Loss, Raises Questions About Streaming Profitability
Spotify has reported a second-quarter loss, missing analysts’ estimates and signaling renewed concerns about the long-term profitability of the music streaming model. Despite recent price hikes and a cost-cutting push, the company posted negative earnings, citing increased investments and sluggish user growth in some regions. Spotify’s total users reached 624 million, up 16% year-over-year, while premium subscribers hit 253 million.
The disappointing quarter underscores the ongoing challenges for streaming platforms to balance growth, profit, and content costs.
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