Oct
26
Spotify Ad Revenue Growth Hampered by Macroeconomic Uncertainty
Posted in: UncategorizedSpotify experienced slow ad revenue growth during the company’s 2022 third-quarter earnings call Tuesday. According to chief financial officer Paul Vogel, while the company’s total revenue reached over $3 billion in Q3, a 21% year-over-year growth, the gross margin was 24.7%. That’s below the predicted outlook, partly due to the downturn of the company’s ads….
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