Spotify Q2 2019 Earnings Mature Markets Still the Engine Room of Growth
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2019 was another solid quarter for Spotify, adding the same number of subscribers it typically does in promotional quarters. Core metrics such as churn and average revenue per user (ARPU) all moved in the right direction, but Spotify remains out of contract with two major label partners and needs emerging markets’ subscriber growth to start picking up the slack before mature western markets slow.
Companies and brands mentioned in this report: Anchor, Gimlet, Parcast, Spotify, Warner Chappell