It’s a quick, mid-week edition as we whip up a few Spotify links related to the company’s earnings report.
🎵 Spotify's paying subscribers climbed 27% to hit 138 million at the end of June, the music streaming service said Wednesday in its second-quarter earnings report, as the number of people listening to the service overall -- including those who listen free with advertising -- closed in on a worldwide milestone. - Link -
🎵Spotify listening hours have returned to the same level they was at prior to the pandemic, the company announced today in its latest earnings release. It reported that the recovery was strongest in areas where the spread of the COVID-19 virus is apparently slowing. Spotify also said that overall podcast consumption has more than doubled. Spotify reported a loss of €356 million overall in the period, The Wall Street Journal reports, despite an increase in paying subscribers. - Link -
🎵 You Can Now Listen to Spotify Remotely With Friends: In May, Spotify launched the beta of a new feature called Group Session, which let premium users in the same vicinity share the ability to play, queue, and skip songs while listening together. Now, the streaming platform has announced an update to Group Session that allows you to listen to playlists and podcasts with other users anywhere in the world. - Link -