Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the second fiscal quarter of 2018 ending June 30, 2018. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180726005393/en/ (Graphic: Business Wire) Dear Shareholders, Today Spotify is reporting results for Q2 2018. The quarter was largely in line with our expectations, with some metrics performing at the high end of our guidance range. We finished the quarter with 180 million Monthly Active Users (“MAU”) and 83 million Premium Subscribers, up 30% and 40% respectively, Y/Y.1 Total Revenue was €1,273 million, up 26% Y/Y and 34% Y/Y after adjusting for the negative impact from changes in foreign exchange rates. 2 Gross Margin of 25.8% was at the high end of our guidance range of 24-26%. Our Operating Loss was €90 million or approximately 7% of Total Revenue. This includes a €30 million cash expense related to our direct listing on the NYSE in April (“Direct