spotify q2 2020 reports

Spotify has shared its Q2 2020 financial report and it shows the Swedish streaming platform increased its Monthly Active Users (MAU) to 299 million – an impressive 29% increase on a yearly basis and 5% more than Q1 2020.

Income from Premium subscribers also increased, while a decline was seen only in Free Cash Flow, mainly due to the “continuing uncertainty surrounding the COVID-19 pandemic.”

Users (in million)
Q2 2019
Q1 2020
Q2 2020

Total Monthly Active Users (MAU)
232
286
299

Premium Subscribers
108
130


Link: https://www.gsmdb.com/gsmarena/spotify_q2_2020_reports-news-44513.php