![]() That can be chalked up, in part, to bi-annual marketing campaigns that increased revenue, but lowered profits, it said. ![]() It's still not actually making an profit, however, running an operating loss of €90 million and net loss of €394 million this time around, over double that of last quarter. ![]() A lot of that growth has come via its Family Plan program, and Spotify notes that people signing up for it tend to stick around longer than individual subscribers.Īs a result of this growth (30 percent and 40 percent in paid and ad-supported users, respectively), it saw a 12 percent increase in revenue, earning €1.27 billion ($1.45 billion) compared to €1.14 billion last quarter. That's a pretty significant boost, and at the top end of what investors were expecting. For its second ever earnings report, Spotify said it now has 83 million paid subscribers, up 8 million over its first earnings quarter in May.
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