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> Spotify did post an operating loss of €231 million (around $250 million) in this quarter. But that’s not a huge departure from the company’s past performance,
by josefresco 4y ago
> Spotify did post an operating loss of €231 million (around $250 million) in this quarter. But that’s not a huge departure from the company’s past performance, given it has tended to prioritize growth over turning a profit on a quarterly basis.
They're still growing but when and how does Spotify turn on the profit spigot?
- atdrummond 4y agoThey never will. I’ve been in this space and it’s designed so that any margin eventually gets consumed by the labels or one of their associated rights groups. They have regulatory capture and will utilize government to run you out of business if you don’t comply with their fees for their library.
- 2OEH8eoCRo0 4y agoI wonder how bad the service will become once they're expected to be profitable.