Spotify's Rising Gross Margin
Spotify's gross margin (sales less cost of sales, mainly content royalty costs) improved to 27.6% in Q1 2024 from 25.2% in Q1 2023 and 24.1% in Q2 2023.
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Spotify's gross margin (sales less cost of sales, mainly content royalty costs) improved to 27.6% in Q1 2024 from 25.2% in Q1 2023 and 24.1% in Q2 2023.