The music streaming giant, led by CEO Daniel Ek, reports 232 million active monthly users, a narrowed operating loss and new licensing deals with 'two of our four major label partners.'
The music streaming giant, led by CEO Daniel Ek, reports 232 million active monthly users, a narrowed operating loss and new licensing deals with"two of our four major label partners."
That compared with 100 million premium subscribers and 217 million total active monthly users as of the end of March and 96 million and 75 million, respectively, as of the end of 2018. The company, led by CEO Daniel Ek, also announced two new deals with major music labels. "We have reached agreement with two of our four major label partners on the renewal of our global sound recording licenses, and are in active discussions with the other two," it said without disclosing which labels it has struck deals with. "This is the
Spotify said its second-quarter operating loss amounted to $3.3 million , compared with 90 million euros. Quarterly revenue rose 31 percent to $1.86 billion , while operating expenses increased 4 percent.
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