Advertising RevenueAd-supported MAUs and advertising revenue underperformed during the quarter, with the former impacted by a notable q/q deceleration in developing market user growth and the latter affected by upper-funnel marketer spend volatility.
Legal IssuesSpotify was sued by the Mechanical Licensing Collective for allegedly underpaying royalties.
User GrowthSpotify missed its MAU guidance for the second straight quarter, but only by 1% of its entire MAU base.