Spotify now has 248m listeners including 113m premium subscribers
Posted on: 28 octobre 2019, by : Stuart Dredge

Spotify has announced its latest financial results, for the third quarter of 2019. The streaming service now has 248 million monthly active users (MAUs), up 30% year-on-year, having added 16 million in Q3.
113 million of those users are premium subscribers: 31% growth in the last year, with five million having been added during last quarter.
As for the actual financials, Spotify’s Q3 revenues grew by 28% year-on-year to €1.73bn, including 29% growth for its premium subscriptions (to €1.56bn) and 20% growth for its advertising revenues (to €170m). Subscriptions thus account for 90.2% of Spotify’s overall turnover.
The company reported an operating profit of €54m, compared to an operating loss of €6m in Q3 last year. Spotify also reported a quarterly net profit of €241m – if you’re startled at that, look to the line in Spotify’s filing where it reports ‘finance income’ of €226m, compared to €10m a year ago.
The post Spotify now has 248m listeners including 113m premium subscribers appeared first on Music Ally.
Source: Music ally

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