Daniel Ek | radioinfo

Daniel Ek

Spotify is finally in the black

Thursday 07 February, 2019

It only took 13 years, but Spotify has finally turned a profit.

In a report released last night in New York, Spotify declared that for the first time in company history, Operating Income, Net Income, and Free Cash Flow were all positive.

Monthly active uses grew 29% year to year to 207 million with the number of Premium Subscribers reaching 96 million, up 36% Y/Y.

While ad-supported revenue increase, the growth in programmatic and self-serve (Ad Studio) channels has continued to outpace the growth in direct marketing.

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