Spotify continues to lose money but expects to be profitable soon

  • Despite its lay-offs in January, Spotify continues to lose over a quarter-billion dollars per quarter.
  • Spotify has added more content in the form of podcasts and audiobooks to its app to keep users engaged.
  • Despite its financial loss, the company experienced strong user growth in the first quarter of 2023.
  • Spotify predicts a return to profitability.


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