You can make money on music and podcasts. The record results are mind-blowing

You can make money on music and podcasts. The record results are mind-blowing

It is constantly getting more expensive, but it introduces new things and focuses on quality. And it pays off, as you can see. Spotify has just proven to everyone that you can make good money on music.

Spotify has shot up

The British Financial Times has reported Spotify’s latest financial results. It turns out that the most popular platform for listening to music and podcasts “knows” how to make money. What’s more, despite several increases in its subscription fees, it is doing more than well. Thanks to a record quarterly profit The Swedish company’s shares on the stock exchange rose by 14%. This result is capable of firing up investors’ imagination.

Music listening platform earns millions

According to the Financial Times, Spotify recorded a net profit in the April-June period in the amount of 274 million euroswith revenues of EUR 3.8 billion. The number of paid subscriptions increased by 12 percent to 246 million subscribers. Revenues from them have increased, because Spotify has recently raised prices. Recall that it has doubled in the US, in just a few months. As you can see, this has not discouraged users. The platform is used by 626 million people per month.

See: Hi-Fi quality music on Spotify. Get your wallet ready, it’s going to be expensive
See: It’s getting more expensive, but it’s introducing new things. Spotify is going like a storm

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