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Spotify Surpasses Goals with Premium Growth | Music News
Spotify’s Q2 numbers are soaring—300 million premium subscribers, 7M new paying users (beating projections), and a record 33.4% gross margin. Revenue hit nearly €5 billion (+14%), net income turned from loss to profit over €500 million, fueled by booming premium growth and smart cost controls. Ad revenue edged up 1%, helped by podcasts and tax breaks. Ahead, they’re targeting €5B in Q3 revenue, 11M new users, and 305M premium subs. New features include AI audio, exclusive concert access, and a paid fan remix tool powered by Merlin, creating fresh revenue streams for artists. Listen in…
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