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FYI

Spotify Turns A Corner With First Ever Profit

Spotify finished 2018 with 96M paying subscribers around the world, up by 25M year-on-year.

That wasn’t the biggest news in Spotify’s freshly announced financials for Q4 2018, though.

Spotify Turns A Corner With First Ever Profit

By External Source

Spotify finished 2018 with 96M paying subscribers around the world, up by 25M year-on-year.


That wasn’t the biggest news in Spotify’s freshly announced financials for Q4 2018, though.

The company posted its first ever quarterly operating profit (€94m) in the final three months of last year, driven by lower operating costs (-17% YoY). The firm, which posted a €442m net profit in the quarter – thanks to €387m of finance-related income – said that “movements in our share price in Q4 had a [positive] sizeable impact on our reported results” but that “the business would have been profitable regardless”.

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Diljit Dosanjh photographed by Lane Dorsey on July 15 in Toronto. Styling by Alecia Brissett.

Diljit Dosanjh photographed by Lane Dorsey on July 15 in Toronto. Styling by Alecia Brissett. On Diljit: EYTYS jacket, Levi's jeans.

Music

Diljit Dosanjh Has Arrived: The Rise of a Global Star

The first time the Punjabi singer and actor came to Canada, he vowed to play at a stadium. With the Dil-Luminati Tour in 2024, he made it happen – setting a record in the process. As part of Billboard's Global No. 1s series, Dosanjh talks about his meteoric rise and his history-making year.

Throughout his history-making Dil-Luminati Tour, Diljit Dosanjh has a line that he’s repeated proudly on stage, “Punjabi Aa Gaye Oye” – or, “The Punjabis have arrived!”

The slogan has recognized not just the strides made by Diljit, but the doors his astounding success has opened for Punjabi music and culture.

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