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Late last quarter, Spotify hiked the price of its ad-free Premium subscription plan by $1 to $10.99 a month — a long-awaited change as the company continues its profitability push.
As of 2017, Spotify was not yet a profitable company. [204] Spotify's revenue for Q1 2020 amounted to €1.85 billion ($2 billion). A large part of this sum, €1.7 billion ($1.84 billion), came from Spotify Premium subscribers. Gross profit in the same quarter amounted to €472 million ($511 million), with an operating loss of €17 million ...
Spotify expects the subscriber count to increase to 245 million in the second quarter. Free cash flow, another key metric for investors, came in at 207 million euros in the quarter compared to 57 ...
The losses come after the company turned a profit in Q3 for the first time in over a year. Gross margins, however, came in stronger than expected at 26.7%, slightly beating company guidance of 26.6%.
By Jaspreet Singh (Reuters) -Audio-streaming giant Spotify forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and strong subscriber growth in the crucial ...
Helped by cost-cutting measures include a mass layoff, Spotify posted a record profit in the second quarter of 2024 that topped expectations. The music and audio streaming giant gained 7 million ...
The company reported third-quarter revenues rising 11% to $3.6 … Spotify announced its first profitable quarter in more than a year in its earnings report Tuesday, stating that long-delayed ...
ARPU was driven by price increase benefits that were partially offset by discounted plans and lower prices in emerging markets, the company said. Profit pledge . Spotify spent $1 billion pushing ...