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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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Aysanabee
Lindsay Duncan

Aysanabee

Chart Beat

Indigenous Artist Aysanabee Rises on Billboard Canada Modern Rock Airplay Chart with 'Home'

Plus, a track from homegrown punk band Headstones and City and Colour is climbing on the Mainstream Rock chart.

Aysanabee is climbing the charts.

His newest track, “Home,” rises on Billboard Canada’s Modern Rock Airplay chart, hitting No. 22, after three weeks on the ranking.

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