Spotify paid users hit 236M, but company returns to losing money, amid Apple battle

Spotify reported a mix of good news and bad in its latest quarterly earnings report. The good news was that Spotify paid users hit 236M, up 4% on the previous quarter. Subscribers on the free ad-funded tier grew even more, up 5% to 602M.

The bad news was that the company, which managed a rare quarterly profit in Q3, returned to being a loss-making business in Q4 …

more…via You searched for iphone - 9to5Mac https://ift.tt/KQMxaPX