Spotify on Tuesday said it anticipates reaching profitability for the full year in 2024, which would mark the company’s first full profitable year since it launched 18 years ago.
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.
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.
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.