Its revenue rose 19% year over year to 15.83 billion yuan ($2.45 billion) in the first half of 2021 as it gained more paying online music subscribers. Tencent's revenue rose 34% to 25.43 billion yuan ($3.65 billion) in 2019, then grew 15% to 29.15 billion yuan ($4.47 billion) in 2020. In short, Spotify's growth should remain stable, but it won't turn profitable anytime soon. Spotify believes its full-year revenue should rise 18%-23%, but also for its operating losses in the second half to wipe out its slim operating profit of 26 million euros ($30 million) in the first half of the year. But in the first half of 2021, its net loss narrowed from 355 million euros ($416 million) to 84 million euros ($99 million) as its advertising business recovered, it benefited from a revenue shift from lower-margin licensed music toward higher-margin podcasts, and reined in its marketing expenses.įor the full year, Spotify expects its total MAUs to grow 16%-18%, and for its number of premium subscribers to rise 14%-17%. Spotify's net loss widened from 186 million euros ($218 million) in 2019 to 581 million euros ($682 million) in 2020. Both growth rates decelerated slightly from the previous quarter.

Its paid premium subscribers rose 20% to 165 million.

Spotify's MAUs rose 22% year over year to 365 million in the second quarter of 2021.

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