21.4 C
New York
Tuesday, May 11, 2021

Latest Posts

Microsoft Office 2019 can only be used on Windows 10

Microsoft will bring a new Office to market in 2018. The version will be named Office...

Apple iPhone 7 survives 13 hours on a Siberia river

Nowadays smartphones are starting to be splash-proof and even waterproof with IP67 certification. This standard of...

The first gameplay of FIFA 21 leaves us all these details

New moves, plays and features in FIFA 21 One of the biggest misgivings of the players of FIFA is to know to what extent a...

You can now buy the Kratos skin in Fortnite

Kratos comes to Fortnite The charismatic character from Santa Monica Studio has finally arrived in the Fortnite universe. In the words of Cory Barlog...

Spotify achieves incredible goal, but continues to melt money!

With the end of another quarter, many companies and manufacturers have revealed the numbers achieved during the past 3 months and Spotify was one of them. According to the latest report, the music streaming service continues to show impressive growth, adding 72 million active users over the past 12 months.

Regarding the number of subscribers, the company also managed to present impressive numbers, exceeding the 144 million mark. Having registered 113 million active subscriptions last year, it managed to guarantee a 27% YoY growth.

Growth of users on Spotify continues to translate into losses

Contrary to what one might think, this constant growth in the number of active users (and subscribers) on Spotify, does not mean that the company manages to achieve large numbers in terms of the profit achieved.

Despite having reported revenues of almost 2 billion euros during the last quarter, Spotify again confirmed an operating loss of 101 million euros.

This information ends up leaving us a little confused, since with recipes of this size, it shouldn’t be too complicated to achieve positive numbers. Despite the large growth in the number of users, Spotify also revealed that “revenue per user” fell by 10%, which may justify the loss at the end of the quarter.


Spotify remains undisputed leader

It is true that over recent times we have seen Spotify welcome many rivals. However, although some of them have a very interesting library and even a more desirable price, they end up failing to convince their friends to change services.

The Amazon Music platform currently has 55 million users and Apple Music had 60 million subscribers in June last year. Unfortunately, Apple has since decided to stop sharing its service numbers.

EBox editors recommend:

Latest Posts

Google prepares new way to wake up your Assistant on your smartphone

If you are a recurring user of Google Assistant, you will be used to the "Ok...

Nintendo Switch Pro will come with a screen you’ll love

The development of the Nintendo Switch Pro is no longer known today. The new console has...

iPad Pro with M1 processor has performance similar to a MacBook Air

One of the great news of Apple's last April event was the unveiling of the new...

We already have a date for Rambo’s arrival at Warzone

Rambo comes to Call of Duty Warzone With the famous phrase "turn into war”, The official Call of Duty account has published a first teaser...

Don't Miss

Nokia 5.3 will make a statement! Here are your specifications and price

Nokia is preparing to launch new models to the market. The new equipment of the Finnish...

Red Dead Online will be an independent game, are you going to miss it?

Red Dead Online will be a standalone game Red Dead Redemption 2 has been one of the best games to come out in recent years...

Offer: this Xiaomi smart heater is at 40%, take advantage!

Xiaomi Mi Smart Space Heater S We have already told you more than once that Xiaomi has a huge number of products that go beyond...

This is FIFA 20 TOTY with the best players of the year 2019

As in each season, EA welcomes the new year with a new alignment with the best players of the past year according to the...

Huawei P Smart 2021 is official! A smartphone with almost everything to face Xiaomi

Huawei presented a new mid-range with very interesting features. The new Huawei P Smart 2021 follows...