Spotify:Quarterly Results/2023 Q3: Difference between revisions

Spotify:Quarterly Results/2023 Q3 (view source)

928 bytes added , 24 October 2023

no edit summary

3,882

edits

@@ Line 47: / Line 47: @@
 |€37m
 |}
+=== Earnings Calls Notes ===
+See: [https://www.mindmeister.com/app/map/3007711030 Mindmap]
+* Management said they will continue to focus on efficiency eg in cloud and customer service.
+* They pointed out that the number of premium subscribers in North America grew in-line with expectations, and that the “decline” seen in the report is due to “rounding off”.
+* Music advertising is one of the areas they are diving into and which will contribute to revenue in future.
+* They expect margins to grow sequentially going forward.
+* They are seeing positive development in audiobooks and that audiobooks will result in margin gains in future as users upgrade to paid audiobooks after diminishing the 15 hours, though in Q4 it will be a small drag on margins.
+* Audio ads is more expensive, but with AI (which they are experimenting on), they will be able to lower barrier to enter, though early days to see the results.
 == Estimates ==