A
Andy Meek
Guest
Spotify now has 100 million subscribers paying for the streaming music service's Premium subscription tier, in addition to now enjoying a presence in 79 markets since the company went public a year ago this month.
However, the milestone which Spotify announced today also illustrates a fundamental truth about the streaming music business. It's apparently really hard to make money, given that Spotify's announcement of 100 million paying subscribers comes at a time the company also lost $158 million during the most recent quarter.
Continue reading...
BGR Top Deals:
- Hurry and you can get $300 Sony noise canceling headphones for $155
- The Sonos One is somehow cheaper today than it was on Black Friday
Trending Right Now:
- New leak reveals Apple’s final iPhone 11 Max design, and it’s much better than we thought
- Wild video captures teenagers egging a Tesla Model 3 with the owner inside it
- Here are all the Marvel characters who are dead after ‘Avengers: Endgame’ [SPOILERS]
Spotify now has 100M paying subscribers, but it’s still losing money originally appeared on BGR.com on Mon, 29 Apr 2019 at 16:09:15 EDT. Please see our terms for use of feeds.
Via BRG - Boy Genius Report