Fairness Rocks News Spotify Has More Users Than Ever, But It’s Still Losing Money


Fairness Rocks News Spotify Has More Users Than Ever, But It’s Still Losing Money

Home Industry News Spotify Has More Users Than Ever, But It’s Still Losing Money

Author: Amy X. Wang

Date: July 29, 2020

Original Source: Rolling Stone

Industry News

Spotify Has More Users Than Ever, But It’s Still Losing Money

The audio-streaming service has nearly 300 million users — up 67 million from last year — but both its ad revenues and premium ARPU have dipped

“I’ve never been more bullish about where we are today,” Daniel Ek, the CEO of Spotify, said to investors on the streaming service’s second-quarter (Q2) earnings call Wednesday morning.

Read More: https://www.rollingstone.com/pro/news/spotify-has-more-users-than-ever-but-its-still-losing-money-1035569/