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Is Spotify Pandemic-Proof? Analysis Plus 8 Burning Questions From the Streamer's Q2 Earnings

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gives the industry shock protection it lacks in the retail world.Had COVID happened a decade ago, when CD sales dominated music sales, retail closures would have carried disastrous effects.

The tumble in physical sales from retail closures has hurt record labels' sales and resulted in the delays of some new album releases.Never had this growth-oriented company's bottom line been so unimportant for the record and publishing businesses.

Spotify's operating loss did deepen from €17 million to €167 million, missing its guidance of -€45 million to -€95 million. This miss was not as it seemed, however: some accrued, non-cash taxes exceeded Spotify's expectations by €126 million; operating loss would have otherwise been just €41 million.Spotify's.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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