During the three-month period that ended in June, overall revenue increased 14 percent to €4.78 billion (U.S. $5.44 billion), up from €4.19 billion (U.S. $4.77 billion) a year earlier. Spotify ended Q2 with 300 million paid subscribers, up 9 percent from 276 million a year earlier and 7 million from the first quarter. Monthly active users (MAUs) increased 12 percent to 777 million; Spotify added 16 million users during the quarter but finished 1 million below its guidance. Ad-supported revenue rose 1 percent to €446 million (U.S. $508 million), or 3 percent on a constant-currency basis. Looking ahead, Spotify expects 788 million monthly active users during Q3, 305 million paid subscribers subscribers, revenue of €5 billion (U.S. $5.69 billion) and operating income of €670 million (U.S. $763 million), the executives said.