this post was submitted on 19 Jan 2025
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Spotify hasn't made a profit at all since its inception afaik.
No way with their user base being so massive they are net loss. Can't be true
https://www.axios.com/2024/11/13/spotify-projects-first-full-year-of-profitability-ever
Wild. You would think they would have restructured somehow rather than banking on investor money in hopes that doesn't dry up and to be net loss for 18 years just goes to show there is too much dumb money in the system at play.
Labels take %70 of royalties, leaving Spotify %30. Also they dropped a lot of momey into podcasts. https://www.businessofapps.com/data/spotify-statistics/
That is absolutely wild. These really aren't businesses if they aren't profitable and sustainable cash flow wise. When the money dries up your screwed. Hard times define the company not the peaks.