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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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Jisoo in Netflix's 'Boyfriend on Demand.'
Courtesy of Netflix

Jisoo in Netflix's 'Boyfriend on Demand.'

Pop

From BLACKPINK to Running Her Own Company to ‘Boyfriend on Demand’, Jisoo Enters Her Most Mature Phase

The singer-actress is the cover star of Billboard Brasil's 21st edition.

In 2011, a teenager from Gunpo, a city 30 km from Seoul, crossed the South Korean capital to audition at YG Entertainment. The 16-year-old faced a line of hundreds of candidates, performed for the judges, and left the building without knowing the result of the audition that would change her life forever. Shortly after, Jisoo joined the agency’s exclusive trainee program. She went through countless hours of rehearsals and music, singing and dance classes over five years before debuting in BLACKPINK alongside three other girls — and the rest is history with a capital H. The group was one of the driving forces behind K-pop’s surge in global popularity over the following decade.

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