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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
Spotify posts net profit of two million euros in third quarter
Spotify posts net profit of two million euros in third quarter

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.