Spotify reports first ever quarterly profit while nearing 100 million premium subscribers

If you thought the 50 million paid subscribers milestone recently reached by Apple Music was impressive, wait until you see Spotify’s expectation-exceeding Q4 2018 financial report.

After struggling for a little while with somewhat sluggish global growth, the uncontested music streaming market leader managed to add a whopping 16 million monthly active users over the final three months of last year compared to the previous quarter.

The new 207 million MAU tally is 29 percent higher than the platform’s already remarkable Q4 2017 number, incredibly topping the high end of the ...

Wednesday, 6 February 2019 GSM ARENA GSMArena.com