2018Q3
Latest
Spotify is just $6.8 million away from profitability
If anyone was expecting to see Spotify's growth tail off, then the company's latest earnings report is chock full of disappointment. The streaming service has managed to increase the number of paying subscribers to 87 million, up from 83 million three months ago. More broadly, the platform has seen its total user numbers rise to 191 million, up from 101 million in the summer. The increased numbers haven't led to an actual profit, but losses are way, way down, from €90 million ($102 million) in Q2, to just €6 million ($6.8 million) now.
