Spotify made a lot of money in Q1. The streaming music giant grew its revenue last quarter by 20% to $3.8 billion on a record $180 million in profit, it announced yesterday. The smash report comes after Spotify cut costs last year, which included laying off more than a quarter of its workforce. The company also raised prices in 2023 for the first time in a decade as it further expanded beyond music into audiobooks and other categories. Spotify shares soared ~11% following the news.
S: MB
I don't do the podcasts so it wasn't an issue for me.
I GET the stance...
Approaching 74, the only stance I'm taking now is on the golf course.
@Madken65 I quit over the Joe Rogan thing and haven't looked back.