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Spotify loses $23.6 million in Q3, misses total user targets

Wednesday July 28, 2021. 04:03 PM , from AppleInsider
Spotify reaches 365 million monthly active users, just missing forecast targets, yet posted a $23.6 million loss despite strong paid subscription numbers.Spotify posts $23.6 million loss in Q3Spotify has long operated at a net loss with the hope of one day establishing enough paid subscribers and ad revenue to offset its increasing costs. The company sometimes posts a profit in a quarter, but these occurrences are rare. Read more...
https://appleinsider.com/articles/21/07/28/spotify-loses-236-million-in-q3-misses-total-user-targets...
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