Spotify Thrived Where Facebook, Snap and Roku All Slipped
Spotify’s advertising business is booming despite a global pullback. Here’s why.
The Spotify website on a smartphone arranged in the Brooklyn borough of New York, US, on Friday, July 22, 2022. Spotify Technology SA is scheduled to release earnings figures on July 27.Photographer: Gabby Jones/Bloomberg
Spotify avoided the sales slowdown crippling many of its peers, and is one of the few digital media companies in a stronger position than it was a few weeks ago.
The company's stock jumped 12% Wednesday after it reported financial results that topped Wall Street forecasts and shares ended the month up about 16%. You can read our earnings coverage here.
