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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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Mili
Courtesy Photo

Mili

Features

Mili is Connecting Cultures Through Afro-House

The Iranian DJ-producer made a viral hit with “El Youm El Helw Dah,” which brought together Iranian, Palestinian and Egyptian artists on one track. Now, he’s looking to push his sound in new directions.

Mili is on a mission.

The Iranian producer-DJ, who is based in Toronto, has been DJing for over 16 years but began releasing his original Afro house tracks two years ago. He sees the genre as a gateway for global styles like Arabic and African music to reach the rest of the world, including Western audiences who are less accustomed to them.

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