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News and rumors: July 26, 2018, Jonny Random
Spotify logo
Apple's fiercest competitor in music streaming and the current leader Spotify continues to increase its number of subscribers but the losses and losses increase
Spotify has released its latest business results, indicating that the company has significantly increased the number of its paying subscribers, growing by 11% to about 83 million subscribers, slightly in ahead of expectations
Spotify account today about 180 million users worldwide: The free basic service and ad-supported continues to be very popular
The losses have again increased significantly
Although Spotify has about eight million since the beginning of the year paying customers, but the company 's losses continue to grow, most recently in its balance sheet is d 39, about 440 million dolls ars, almost double that of the previous year.
More infographics can be found at Statista
Spotify explains that profitability has been postponed in favor of aggressive growth strategies. In the United States, for example, they have aggressively marketed cheaper subscriptions for families and students and have partnered with the Hulu streaming service, which is not active here.
As a result, revenue per user decreased by 12% Dollar
In Sweden, at this time, one can not say when the business will be profitable.
Unlike its competitors, Spotify has only one flagship product of its business, and the bulk of the revenue is dedicated to licensing. Catalog
The Spotify stock was not impressed by the uncertain outlook and recorded significant gains.
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