Spotify earnings hit sour note on Wall Street

Spotify earnings hit sour note on Wall Street

6 years ago
Anonymous $yysEBM5EYi

https://phys.org/news/2018-11-spotify-sour-wall-street.html

Spotify said the number of paid "premium" subscribers rose to 87 million in the quarter, and it posted a first-ever profit of 43 million euros ($49 million) as a result of a tax adjustment.

Total revenue was $1.35 billion, up 31 percent from a year ago, largely in line with forecasts.