Spotify reports 29% rise in MAUs to 207M but misses on Q4 revenues of $1.702B
https://techcrunch.com/2019/02/06/spotify-q4/
Spotify continues to see growing uptake for its all-you-can-eat streaming music (and increasingly podcast) services, even as it fell short of analyst expectations on sales in its earnings.
In Q4 results reported today alongside the blockbuster news that it was acquiring Gimlet and Anchor to step up its podcast push, the company said that monthly active users have hit 207 million, up nearly 30 percent on a year ago, and that it is for the first time reporting positive operating profit — of €94 million — and net income — of €442 million, making this Spotify’s first ever quarter to post positive operating profit, net income, and free cash flow.