Spotify Monthly Active Users (Q2 Presentation) There was also strong growth in Latin America, driven by higher uptake in the Gen Z audience. This was driven by strong user growth in India, The Philippines, and Indonesia as a result of a series of marketing campaigns. Total Monthly active users grew by a rapid 19% year over year to 433 million, which was 11 million higher than the last quarter and 5 million above management's guidance. Spotify generated tremendous results for the second quarter of 2022, with almost all metrics surpassing guidance. Data by YCharts 2nd Quarter is Music to my Ears Let's dive into the second quarter earnings and business strategy for the juicy details. According to my valuation model, the stock is undervalued intrinsically and has many tailwinds ahead. Spotify's stock price has been decimated since the high inflation numbers were released in December 2021 and is now down 55% from these highs. Music Streaming Market share (Business of Apps) Management has even announced bold plans to double its monthly Active users and 4X its Average Revenue per user by 2030. Despite this heavy competition, the company has grown its monthly active users substantially year over year. Its main rivals include tech giant Apple ( AAPL), which has a ~17% market share, Amazon Music ( AMZN), which has a ~14% market share, and even YouTube ( GOOG, GOOGL ) at ~10%. Spotify ( NYSE: SPOT) is world's most popular music streaming application with approximately a 33% market share.
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