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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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Tyler Shaw at Eurovision Announcement at CBC in Toronto on Oct. 27, 2026.
Courtesy of CBC/Radio-Canada, photo taken by Shawn Goldberg

Tyler Shaw at Eurovision Announcement at CBC in Toronto on Oct. 27, 2026.

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CBC Addresses Criticism Over Lack of Black and Indigenous Representation Amongst Eurovision Finalists

After the national broadcaster revealed Canada's five Eurovision finalists, artists including singer-songwriter Shawnee Kish criticized the selections for lack of diversity.

CBC is responding to criticism about the lack of diversity in Canada’s five Eurovision finalists.

Earlier this week, the Canadian broadcasting company announced the five artists who would be vying to represent the country in its first-ever Eurovision appearance: Quebecois pop artist William Cloutier, singer-songwriter Josiane, dance-pop act Rêve, vocal powerhouse TALK and singer-songwriter Tyler Shaw. They were selected from over 300 entries.

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