total Monthly Active Users (MAUs) in Q3 2019 ( 45.56%) than it did in the same period of the prior year ( 45.55%).Ī note from Spotify to investors last week revealed that: “Premium Gross Margin was 26.5% in Q3… up Y/Y.” In other words, before operating costs, Spotify retained comfortably over a quarter of every dollar spent on premium subs in Q3. its own shortcomings in finding, and paying money to employ, the expert staff it wanted.Īs a result, Spotify had a very slightly higher percentage of paid users vs. It finished Q4 2018 some €94 million ($106 million) in the black, although it attributed much of that to “slower than planned headcount growth” – i.e. This is the second time in history that Spotify has posted a quarterly operating profit. Indeed, this profit figure was so substantial, it actually dragged up Spotify’s year-to-date (Jan-Sept) operating profit to €4 million ($4.5 million). In the end, Spotify posted a €54 million ($60.4 million) Q3 operating profit – some thirty times bigger than its predicted highpoint. The streaming company previously forecast to its investors that its operating performance in the three months to end of September would weigh in somewhere between a slender €2 million profit and a €78 million loss. This news not only came as a surprise to the music industry at large, but to Spotify itself.

Spotify, whose losses are an evergreen music-biz talking point, just turned a quarterly profit.

How much is a year of spotify premium