Spotify
executive summary we ended with strong performance as all of our met or exceeded guidance mau net additions of million surpassed guidance by million subscriber net additions of million were also ahead by million revenue grew on a constant currency basis reflecting another of sequential acceleration gross margin of was also ahead and up while operating loss of million was better due to lower marketing and personnel and related costs excluding million in charges associated with efficiency actions taken late in the quarter which were incorporated into guidance we generated million in adjusted operating income more than double the operating income we achieved in free cash flow was million in the quarter with revenue and profitability trends both inflecting favorably heading into we view the business as well positioned to deliver improving growth and profitability as we progress towards delivering against our investor day goals | Spotify
Company
Deck Type
Sector
Industry
Deck date
February 2024
Slide
3 of 34
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executive summary guidance by million subscriber net additions of progress towards delivering against our investor day gal operating loss income | Spotify
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executive summary we ended with strong performance as nearly all of our surpassed guidance mau net additions reached a quarterly record high of million in million above guidance subscriber growth also materially outperformed exceeding guidance by million net additions revenue growth excluding the impact of changes in was ahead of expectations gross margin exceeded guidance by due primarily to lower investment spending and broad based music as expected our free cash flow was negative in the quarter however full basis looking back on in its entirety we are pleased challenges and opportunities and over the past months we largely delivered on our internal goals and we are excited about the momentum we are building | Spotify
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