{"id":48271,"date":"2023-10-24T10:32:08","date_gmt":"2023-10-24T10:32:08","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/10\/24\/spotify-profits-from-more-subscribers-and-price-hikes\/"},"modified":"2023-10-24T10:32:08","modified_gmt":"2023-10-24T10:32:08","slug":"spotify-profits-from-more-subscribers-and-price-hikes","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/10\/24\/spotify-profits-from-more-subscribers-and-price-hikes\/","title":{"rendered":"Spotify profits from more subscribers and price hikes"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">The number of people paying for Spotify Premium rose three<strong> <\/strong>percent to 226 million on a quarterly basis as the streaming service announced <a href=\"https:\/\/www.theverge.com\/2023\/7\/24\/23805364\/spotify-us-price-increase-10-99-a-month-9-99-month-twelve-years\" target=\"_blank\" rel=\"noopener\">price increases across the US and several other global markets<\/a>. Spotify\u2019s monthly active users (MAUs) also rose to 574 million as of September 30th, a four percent increase from last quarter. Both rises were slightly above Spotify\u2019s forecast. <\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Comparing performance year over year, Premium subscribers were up 16 percent while MAUs were up 26 percent. Spotify says the net growth in monthly active users was the second largest third-quarter increase in its history.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Spotify\u2019s latest subscriber figures came as part of today\u2019s earnings report, which covers the three months ending September 30th. In the midst of the quarter in late July, the company <a href=\"https:\/\/www.theverge.com\/2023\/7\/24\/23805364\/spotify-us-price-increase-10-99-a-month-9-99-month-twelve-years\" target=\"_blank\" rel=\"noopener\">announced price increases<\/a> \u2014 notable for being Spotify\u2019s first in the US since launching there over a decade ago. It saw the price of a standard Spotify Premium subscription rise $1 to $10.99. Other markets and subscription plans like Duo, Family, and Student also saw increases.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Overall, Spotify reported a profit of \u20ac65 million (around $69 million) for the recent quarter, versus a \u20ac166 million ($177 million) loss the year previous. Operating income was \u20ac32 million (around $34 million), versus an operating loss of \u20ac228 million (around $243 million) in the same quarter the previous year. Spotify has frequently posted quarterly losses as it\u2019s traditionally prioritized growth over quarterly profits.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.theverge.com\/2023\/10\/24\/23928667\/spotify-q3-2023-earnings-report-subscriber-growth-price-rises\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of people paying for Spotify Premium rose three percent to 226 million on a quarterly basis as the streaming service announced price increases across the US and several other global markets. Spotify\u2019s monthly active users (MAUs) also rose to 574 million as of September 30th, a four percent increase from last quarter. Both [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-48271","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/48271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=48271"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/48271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/48272"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=48271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=48271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=48271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}