Clear Minus taxes: the light and shadow for Spotify

the effects of The Corona pandemic have left in listening behavior on Spotify tracks. Thus, the use in the car took off and, during the April strong. By the end of June, they returned to normal for the most part, as the music streaming market leader, remarked in the course of the presentation of the Figures for the second quarter. Also, the General period of use Before I returned to crisis level – with the exception of Latin America.

Benjamin Fischer

editor in the economy.

From April to June, 2020, the number of monthly active users is increased in the Swedish companies, compared to the prior year period by 29 per cent to 299 million. This corresponds to the upper end of the end of April forecast. The number of subscribers grew by 27 per cent and now stands at 138 million. The turnover reached a good 90% of the subscription business, grew by 13 percent to 1.89 billion Euro, which analysts had expected to 1.93 billion euros.

loss of 356 million euros

However, a loss of 356 million euros fell to a Million Euro profit in the prior year quarter from April to June of this year. This resulting also from the good performance of the share, the company said. Since the shares the employee would have gained as a result of the rise in the past few weeks, will be in Sweden, where approximately 31 percent of the workforce were employed, a significantly higher tax payments due. A total of 126 million Euro were to fall more than expected.

to Add a pandemic came comparison-induced decline in the advertising revenue from the Free Version to 21 per cent in the year. Without the higher charges on the basis of the equity development in all key metrics were in line with expectations or above it, the company said. The average revenue per user decreased in the year-on-year by 9 percent to 4.41 euros. The reason is not the discounted subscription Offered, to generate more user growth. A single subscription costs in Germany € 9.99 a month.

pre-market, the share price fell following the submission of the Pay 3 percent to 253 dollars. Since the end of March she had at times on more than 270 dollars, which was last on the Podcast-Offensive of the company. Among other things, was closed in may of an exclusive agreement with Joe Rogan, one of the most well-known podcasters in America,. This followed on previous purchases, about of Podcast producers. With the increased focus on this field, Spotify tries to increasingly offer exclusive content. Finally, the music catalog of streaming services is largely the same. In addition, Podcasts continue to enjoy increasing popularity.

153 million subscribers to the end of the year

According to Spotify, they heard in the past quarter, 21 percent of the users. The offer is estimated currently at 1.5 million. Attractive Podcasts are not least also with regard to potential advertising revenue. The forecast of the Federal Association of Digital economy (BVDW), according to which the sales of nine million Euro to increase in 2019 in the current year, to 14 million euros underlines. In fact, this area increased also, contrary to the General Trend in the second quarter, as Spotify announced.