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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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NXNE
NXNE
NXNE
Concerts

NXNE Announces 2025 Board of Advisors

From The Grammys to the people behind the biggest global artists, this collection of major music industry figures will lead the festival to new heights.

NXNE is celebrating its 30th anniversary this year from June 11-15, 2025 in Toronto, and the festival has put together a major team of music industry experts to help lead it into the future.

The NXNE Board of Advisors features veterans from all over the industry, from Canada to the world. They are top executives in radio, managers and booking agents of some of the biggest global stars, heads of the most prestigious award shows, strategists at renowned media brands and more.

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