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At Spotify, Podcast Cuts and Higher Music Royalties Deepen Losses

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At Spotify, Podcast Cuts and Higher Music Royalties Deepen Losses

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This copy is for your personal, non-commercial use only. Distribution and use of
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non-personal use or to order multiple copies, please contact Dow Jones Reprints
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https://www.wsj.com/articles/spotify-spot-q2-earnings-report-2023-646fa771

 1. Business
    
    --------------------------------------------------------------------------------

 2. Earnings


AT SPOTIFY, PODCAST CUTS AND HIGHER MUSIC ROYALTIES DEEPEN LOSSES


STREAMING GIANT BOOKS STRONGEST-EVER QUARTER FOR USER GROWTH

By

Anne Steele


Updated July 25, 2023 11:07 am ET

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With 500 million monthly users, Spotify is the world’s largest music streaming
service. Here’s an inside look at how the platform uses machine learning
technology to generate personalized recommendations. Photo illustration: Ryan
Trefes

Generation Z and overseas listeners helped Spotify SPOT -14.26%decrease; red
down pointing triangle notch its strongest ever quarter for new users, while the
streaming giant reported steeper losses from podcasting cuts and higher music
royalty costs.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.
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