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Audio giant Spotify revealed its 2022 Q2 earnings today, highlighting growth of its monthly active users, premium subscriptions and ad revenue.
Although worries lingered following Spotify’s split from Russia’s market of 1.5 million subscribers, the streaming service still managed to exceed the goals it set in Q1 2022 where its revenue grew 19% year over year. Ultimately, Spotify maintained a steady incline in all avenues of its business.
According to its earnings report, monthly active users grew 19% in Q2 year over year to 433 million, which is 68 million more than Q2 last year.
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