Spotify posts record gross margin, profit and cash flow for Q2
Briefly

Spotify's most profitable quarter ever shows its efficiency efforts are working, despite an ad market slowdown. Second consecutive record profit growth marks a positive shift from previous heavy losses.
Spotify aims to attract users more likely to pay for premium subscriptions, slightly missing monthly active user growth but exceeding premium subscriber growth expectations. Reported strong results signal potential for future product investments.
Read at Axios
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