Spotify swings to profit as user numbers grow

5 articles, oldest first.

1. Variety

   Spotify Posts First Quarterly Profit in More Than a Year, Paid Subscribers Reach 226 Million ↗ (opens Variety)

   Published Oct 23, 2023

   Variety's feed description

   Following a long-delayed subscriber price hike, Spotify posted its first profitable quarter in more than a year; paid subscribers rose to 226 million.

2. Digital Journal

   Spotify swings to profit as user numbers grow ↗ (opens Digital Journal)

   Published Oct 23, 2023

   Digital Journal's feed description

   Music streaming giant Spotify said it registered 26 percent growth in active users for the third quarter as it reported a rare quarterly profit.

3. Investor's Business Daily

   Music Streamer Spotify Posts Surprise Profit As Subscribers Beat Estimates ↗ (opens Investor's Business Daily)

   Published Oct 23, 2023

   Investor's Business Daily's feed description

   Music streaming giant Spotify beat expectations in the third quarter and posted a surprise profit. Spotify stock jumped on the news.

4. The Hollywood Reporter

   Spotify Hits 226 Million Paying Subs, Swings to Quarterly Profit ↗ (opens The Hollywood Reporter)

   Published Oct 23, 2023

   The Hollywood Reporter's feed description

   The music streaming giant, led by CEO Daniel Ek, exceeds third-quarter expectations amid better-than-expected subscriber gains and recently unveiled price increases, with advertising growth also reaccelerating.

5. Forbes

   Spotify Stock Surges 10% After Unexpected Profit ↗ (opens Forbes)

   Published Oct 23, 2023

   Forbes's feed description

   he Swedish audio streaming giant posted a profit of 65 million euros, its first quarterly profits in a year and a half.