![]() ![]() "The strength in Ad-Supported Revenue was led by our Direct and Podcast sales channels, with the latter benefiting from a triple-digit Y/Y gain at existing Spotify studios (The Ringer, Parcast, Spotify Studios, and Gimlet) along with contributions from the Megaphone acquisition, the exclusive licensing of the Joe Rogan Experience, and Higher Ground," Spotify said in its report. The company's ad-supported revenue benefitted from strong demand and favorable comparisons from 2020's lows. Spotify expects 377 million to 382 million total MAUs and to hit 170 million to 174 million paid subscribers in its third quarter. That's within the company's guidance range. Morgan Stanley is the companys slated advisor on the matter. This approach is not intended to raise fresh capital, but to let investors get their returns. share forecasts, stock quote and buy / sell signals below.According to present data Spotify Technology S.A.s SPOT shares and potentially its market environment have been in a. Spotify went public on the stock market in April 2018 using a direct public offering rather than an initial public offering. ![]() stock Wall Street Stock Market & Finance report, prediction for the future: Youll find the Spotify Technology S.A. Spotify's premium, or paid, subscribers grew 20% year over year to hit 165 million in the quarter. () Stock Market info Recommendations: Buy or sell Spotify Technology S.A. We would have expected some of these markets to open a little faster." I'm a little disappointed we didn't realize it would affect us in Q2 as well. Spotify has an amazing 180 million monthly active users, which dwarfs Sirius’ 33.5 million subscribers. "We knew that going into the year we'd be impacted by the pull-forward. Is Spotify Stock Worth Buying Though Spotify isn’t yet matching Sirius XM radio in terms of increased value for shareholders, it has plenty going for it. "Because Spotify is a global business MAUs are one of the hardest things to forecast," Spotify CEO Daniel Ek told CNBC's Julia Boorstin. ![]()
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