Spotify hits 696M users, but returned to making a loss

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Spotify has posted its latest earnings report, stating that both paid and free users were up more than 10% year-on-year, but the company returned to making a loss …

Spotify announced solid growth in both subscribers and revenue:

  • Subscribers climbed 12% Y/Y to 276 million.
  • Monthly Active Users grew 11% Y/Y to 696 million.
  • Total Revenue increased 10% Y/Y to €4.2 billion.
  • Gross Margin improved by 227 bps YoY to 31.5%.
  • Operating Income reached…



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Spotify hits 696M users, but returned to making a loss


Spotify has posted its latest earnings report, stating that both paid and free users were up more than 10% year-on-year, but the company returned to making a loss …

Spotify announced solid growth in both subscribers and revenue:

  • Subscribers climbed 12% Y/Y to 276 million.
  • Monthly Active Users grew 11% Y/Y to 696 million.
  • Total Revenue increased 10% Y/Y to €4.2 billion.
  • Gross Margin improved by 227 bps YoY to 31.5%.
  • Operating Income reached…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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