Spotify swings to profit, paying subscribers rise

Music and podcast streaming giant Spotify reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter. On Tuesday it said it expected an operating profit of 250 million euros in the second quarter of the year.

Apr 23, 2024 - 13:04
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Spotify swings to profit, paying subscribers rise
Music and podcast streaming giant Spotify reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter. On Tuesday it said it expected an operating profit of 250 million euros in the second quarter of the year.

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Phillimon Sefake Phillimon Sefake is a creative writer and literary scholar