Monthly Spotify users up 28% – FAJAR –

FAX.CO.ID – Spotify has apparently been able to maintain its position to become the market leader in streaming music. In the latest report, Spotify should compete with its main competitors, Apple Music.

Although Spotify had an operating loss of $ 6.8 million. It was observed that the loss was lower than that of the previous quarter in Q2 and Q3. Spotify during the last quarter also managed to get a number of users.

The increase in the number of premium customers of Spotify is indeed not impressive compared to the previous quarter. However, the total amount increased by 40% compared to the same period in 2017, reaching 87 million euros.

In addition, the number of monthly active users of Spotify increased by 28%, reaching 191 million people. However, this number is not very impressive, as the number of active users in the second quarter of last year reached 180 million.

By launching Phone Arena Friday (2/11), Spotify is certainly pleased to see the numbers continue to rise despite increasingly fierce competition, especially when the company's operating margin has exceeded its estimates.

In general, Spotify gained about $ 1.54 billion in the third quarter of this year. This number has increased by 31% compared to the same period last year. In addition, premium income also increased 31% to US $ 1.38 billion.

In the future, streaming music services should continue to grow between 199 and 206 million active users per month. Subsequently, Spotify is also expected to earn between 93 and 96 million premium customers and approximately $ 1.76 billion in the fourth quarter of 2018.

Companies can generate small profits from October to December. At the same time, the company will record operating losses of up to $ 40 million. (mg9 / jpnn)