Spotify has released its Q2’24 earnings report. Financial results has improved significantly, to €266 million in operating income, as revenue has grown around 20 % year-over-year, gross margin improved to 29.2 % and other costs were down 16 %.
Annualized gross profit per employee was €603,000, up from €520,000 in Q1’24. Driven by higher revenue and gross margin, as well as 4.5 % fewer full-time employees
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