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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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HUNTR/X
Netflix

HUNTR/X

Chart Beat

Netflix's ‘KPop Demon Hunters’ Soundtrack Has a Big Week on the Billboard Canadian Charts

Multiple songs from the new show are charting on the Canadian Hot 100, while the album debuts in the top 10 of the Canadian Albums chart.

K-pop is having a big week on the Billboard Canada charts from an unexpected source.

The new Netflix animated musical fantasy KPop Demon Hunters has multiple debuts on the Canadian Hot 100, dated July 5. “Golden” at No. 63, “How It’s Done” at No. 79, and “What It Sounds Like” at No. 95.

Fronted by fictional girl group HUNTR/X, the real artists behind the fantastical songs are K-pop artists EJAE, Audrey Nuna and Rei Ami. While “Golden” and “How It’s Done” lean into the bubblegum K-pop sound, “What It Sounds Like” leads with a downtempo ballad that moves into a punchy, upbeat moment.

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