Spotify exits short-lived Car Thing hardware play, as reports Q2 MAUs of 433M, offsetting Russia exit and service outage

Spotify’s push to complement its music streaming with a big move into podcasting and related content appears to be paying off, despite the ups and downs of operating in an uncertain economic and political climate and Spotify’s exit from its foray into hardware. Today the company announced quarterly earnings in which its monthly active users grew by 19%, or 19 million, to 433 million — 5 million above its own guidance. The company originally had projected that its exit from Russia and the service outage it had in the quarter would mean only 14 million new users this quarter. P

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