{"id":11359,"date":"2019-02-07T15:30:05","date_gmt":"2019-02-07T15:30:05","guid":{"rendered":"http:\/\/www.fiveminutesspare.com\/news\/?p=11359"},"modified":"2019-02-07T16:45:24","modified_gmt":"2019-02-07T16:45:24","slug":"spotify-is-finally-profitable","status":"publish","type":"post","link":"https:\/\/www.fiveminutesspare.com\/news\/spotify-is-finally-profitable\/","title":{"rendered":"Spotify Is Finally Profitable"},"content":{"rendered":"<p><strong>Spotify has over 200 Million active members, and 96 Million of them pay for that membership.<\/strong><\/p>\n<p>Yet for the first time in over 13 years, Spotify is finally making a profit.<\/p>\n<p>For the first time in company history, Operating Income, Net Income, and Free Cash Flow were all positive,\u201d reads a portion of Spotify\u2019s financial announcement this morning. The company made an operating profit of \u20ac94 million.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/3c1703fe8d.site.internapcdn.net\/newman\/gfx\/news\/hires\/2016\/578650fe544c4.jpg\" alt=\"Image result for music\" width=\"409\" height=\"230\" \/><\/p>\n<p>Those 96 million paid subscribers add up to nearly double Apple Music\u2019s 50 million subscribers, and Spotify announced it had 207 million monthly active users in total this past quarter.\u00a0Those 96 million paid subscribers add up to nearly double Apple Music\u2019s 50 million subscribers, and Spotify announced it had 207 million monthly active users in total this past quarter. Apple Music doesn&#8217;t offer a free service.<\/p>\n<p>All that said, the company thinks that profit won&#8217;t last. The company is forecasting a loss of \u20ac50 to \u20ac100 million next quarter and \u20ac200 to \u20ac360 million over the full year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spotify has over 200 Million active members, and 96 Million of them pay for that membership. Yet for the first time in over 13 years, Spotify is finally making a profit. For the first time in company history, Operating Income, Net Income, and Free Cash Flow were all positive,\u201d reads a portion of Spotify\u2019s financial&#8230;<\/p>\n","protected":false},"author":57,"featured_media":11361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"footnotes":""},"categories":[34],"tags":[47,746,745],"class_list":["post-11359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","tag-business-news","tag-music"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/11359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/comments?post=11359"}],"version-history":[{"count":6,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/11359\/revisions"}],"predecessor-version":[{"id":11367,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/11359\/revisions\/11367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media\/11361"}],"wp:attachment":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media?parent=11359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/categories?post=11359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/tags?post=11359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}