Spotify reported second-quarter revenue above analysts' estimates on Wednesday helped by a 14% jump in paying subscribers, and forecast an upbeat current quarter although it will stop production of its dashboard accessory, Car Thing.
"We did see a little bit of softness in the last two weeks of the quarter," Spotify's Chief Financial Officer Paul Vogel said in an interview.
Premium subscribers, which account for most of the company's revenue, rose to 188 million, topping analyst expectations of 187 million. Car Thing, a dashboard-mounted voice-controlled streaming device, launched in April last year before a wider rollout. Priced at $89.99, the device is currently discounted to $49.99.
"We saw a lot of great demand in the car with existing integrations and car manufacturers are waking up and offering better and better in-car solutions," he said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Spotify has stopped making its Car Thing dashboard accessorySay goodbye to the short-lived accessory.
Baca lebih lajut »
Authorities identify man killed in car crash in San Pasqual Valley -SAN DIEGO (KUSI) – Authorities Monday publicly identified a 34-year-old man who was killed last week in a car crash on a rural road in San Pasqual Valley. Luis Sanabria Rosas of Ramona lost control of his vehicle for unknown reasons while heading east on state Route 78 east of San Diego Zoo Safari Park about 8:30 p.m. Friday, according...
Baca lebih lajut »
Authorities ID 34-year-old man who died in San Pasqual car crashLuis Sanabria Rosas of Ramona died Friday night after he crashed off state Route 78 east of San Diego Zoo Safari Park
Baca lebih lajut »
Bay Area car buyers suffer sticker shock, desperate dealers scramble for used vehiclesWith disruptions from the COVID pandemic causing shortages of computer chips, new vehicles are pricey and scarce, pushing many buyers toward used cars, which is driving up prices for those, too.
Baca lebih lajut »