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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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The Beaches
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The Beaches

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The Beaches Bring "Blame Brett" to 'Jimmy Kimmel Live!'

The Toronto quartet brought their viral single into their late night TV debut.

Following the viral success of "Blame Brett" in 2023, The Beaches have made their late night TV debut, performing their naming-and-blaming single on Jimmy Kimmel Live!

Though the Toronto band has been together for a decade, winning a 2018 Juno for Breakthrough Artist following their debut album, last yearmarked a watershed moment for the quartet. They traded their heavier rock sound for sleek new wave guitar tones and took back control of their career, deciding to release their new album, Blame My Ex, independently. (They co-wrote the album with Canadian artist and songwriter Lowell, who also has a credit on Beyoncé's newest hit.)

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