Here are Christoffer’s preliminary comments ahead of Spotify’s Q2 earnings report on August 4th.
Spotify will release its Q2 report on August 4th before the market opens. We expect the company to show strong revenue growth, driven by steady growth in the number of users and accelerating ARPU (Average Revenue Per User), while profitability is expected to reflect the previously guided increase in operating expenses. We expect attention to focus on the development of the ad-supported business, early updates on the strategic initiatives announced at the recent Investor Day, and management’s comments on the expected moderation of operating expenses in the second half of the year.