Spotify Targets 305 Million Premium Subscribers and a 32.9% Q3 Margin
Photo: TokenPost
Spotify is due to report third-quarter results before U.S. trading opens Oct. 22, putting its target for 305 million Premium subscribers alongside a gross-margin forecast below Q2’s level. Its Aug. 4 outlook projected 788 million monthly active users and 305 million Premium subscribers for Q3. Against Q2’s 777 million monthly active users and 300 million Premium subscribers, those targets imply net additions of about 11 million users and five million paid subscribers. The forecast also called for €5 billion in revenue, a 32.9% gross margin and €670 million in operating income.
Source: TokenPost
