Spotify Needs To Make A Decision About Its Future

According to its latest earnings report, Spotify made 90% of its revenue and 94% of its gross profit in Q3 2019 from paid subscriptions, with the minority remainder going to advertising. In fact, subscriptions are now taking up even larger pieces of Spotify’s revenue and gross-profit pies compared to the same quarter last year, suggesting that the company’s income sources are even less diversified than before.

Source: Spotify Needs To Make A Decision About Its Future, Based On Whether It Actually Believes Its Own Mission Statement

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