Spotify posts net profit of two million euros in third quarter
The number of active users rose by 19 percent from a year ago to 381 million at the end of September
By AFP
October 27, 2021
Stockholm: Music streaming service Spotify on Wednesday posted a net profit of two million euros in the third quarter, just the sixth time it has turned a profit since being listed in 2018.
The number of active users rose by 19 percent from a year ago to 381 million at the end of September, while paying subscribers -- Spotify´s main source of revenue -- also rose by 19 percent to 172 million, the group said.
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