Spotify:Quarterly Results/2022 Q4: Difference between revisions

Spotify:Quarterly Results/2022 Q4 (view source)

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 === Earnings Call Notes ===
+* Q4 had an increase of over 30% in user engagements.
+* Spotify library: 100 million tracks, more than 5 million podcasts and more than 300,000 audio books
+* Shifting focus on tightening spend and becoming more efficient. Gross margin and operating expenses are expected to improve throughout 2023, and free cash flow is expected to be in line with historic averages.
+* Q1 will be the low point in terms of gross margin for the year, with gross margin improving throughout 2023. No timeline for when break even will be reach.
+* The primary reason for changes in management was to drive speed and drive more efficiency.
+* Podcasting margins will start to improve in 2023, which was a drag in 2022.
+* No price increases are planned for now. Revenue growth strategy motly focused on users growth, when company matures will trasition to price increases. But It will depend on the country, and how mature is the market there.