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Spotify at 108 million paid subscribers but where's the profit?
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The following comments relate to this news article:

Spotify at 108 million paid subscribers but where's the profit?

article published on 1 August, 2019

King of streaming music, Spotify, has released their quarterly earnings, and while there are things to be happy about, the financial figures are still underwhelming. The company revealed that they've passed 108 million Premium subscribers, and are currently at a total of 232 million subscribers when you count the free tier, ad-supported customers. Apple Music has just passed 60 million ... [ read the full article ]

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Posted Message
DMW
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_ 		2. August 2019 @ 04:54 _ Link to this message    Send private message to this user   
Quote:
 it only briefly managed to post a operating profit in the last quarter of 2018 only to fall into red right after
A lot of people understate this, they went from around $100m loss to almost $100m profit and used that money in purchasing other companies to expand their platform which results in the paper loss.

Thats a hell of swing in incoming cash and easily explains being in the red, future will tell I guess.
[ + quote]
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