Advertising RevenueAdvertising revenue declined by 6% year-over-year, impacted by foreign exchange, pricing softness, and podcasting inventory optimization.
Product OfferingsSpotify will no longer offer Family and Duo plans to new users, which were previously available at lower pricing tiers.
Valuation ConcernsInvestors have sought refuge in Spotify amidst the choppy waters of this year’s trade war, sending the stock sharply higher, but leaving Spotify with a stretched valuation.