Spotify grows to 87 million premium subscribers in Q3 while narrowing its financial losses
Global music streaming market leader Spotify has just issued its latest quarterly financial report, and the July - September 2018 numbers seem to paint quite a familiar picture. Once again, the 2006-founded company that’s struggling to keep Apple Music at bay gained a healthy number of new users, premium subscribers included, while losing a bit of money all in all.
Spotify appears to be inching closer and closer to profitability, though, as the €6 million ($6.8 million) operating loss reported this past quarter is significantly smaller than both its Q2 2018 and Q3 2017 deficits.
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