News - 02/11/2018

Spotify up to 87m subscribers and 191m listeners

Spotify up to 87m subscribers and 191m listeners

Streaming giant Spotify published its financial results for the third quarter of 2018; the big news is that it now has 191 million monthly active listeners, including 87 million premium subscribers.

Those figures are up by 28% and 40% respectively year-on-year, and up by 6% and 5% quarter-on-quarter.

The company's revenues grew by 31% year-on-year to €1.35bn (around $1.54bn), while operating loss was cut from €73m a year ago to €6m in Q3 this year.
Spotify recorded a loss before tax of €82m in the quarter, but once a €125m income tax benefit was factored in, it recorded a net profit attributable to the owners of the parent for the quarter of €43m.

Read Spotify's letter to shareholders here.

© 2024 All rights reserved. Rockol.com S.r.l. Website image policy

Rockol

  • Rockol only uses images and photos made available for promotional purposes (“for press use”) by record companies, artist managements and p.r. agencies.
  • Said images are used to exert a right to report and a finality of the criticism, in a degraded mode compliant to copyright laws, and exclusively inclosed in our own informative content.
  • Only non-exclusive images addressed to newspaper use and, in general, copyright-free are accepted.
  • Live photos are published when licensed by photographers whose copyright is quoted.
  • Rockol is available to pay the right holder a fair fee should a published image’s author be unknown at the time of publishing.

Feedback

Please immediately report the presence of images possibly not compliant with the above cases so as to quickly verify an improper use: where confirmed, we would immediately proceed to their removal.