Wednesday, 30 October 2019

Spotify is profitable once again as it cuts costs and adds cheaper plans

Spotify is profitable once again as it cuts costs and adds cheaper plans

Spotify announced today that it beat expectations for third-quarter revenue and posted an operating profit of €54 million (about $60 million). This marks the third time in its history that the company has turned a profit, but one of those profits was the result of a tax windfall in 2018 that pushed it into the black.
Read more: https://www.theverge.com/2019/10/28/20936612/spotify-q3-earnings-cheaper-plans-profitable-costs-cuts?source=Snapzu

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