Spotify subs grew by 6m in Q3, but it posted a net loss of over $500m so far this year

Spotify published its financial results for Q3 2020 today (October 29), revealing that its global Premium Subscriber base grew to 144 million in the quarter (ended September 30). That was up by 6m (+5%) subscribers on the 138m SPOT counted at the end of the prior quarter (Q2 2020), and up by 31m (+27%) year-on-year.

Source: Spotify subs grew by 6m in Q3, but Daniel Ek’s company has posted a net loss of over $500m so far this year