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Spotify reports surprise return to profit, says faster growth than Apple Music

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<p><a href="https://9to5mac.com/guides/spotify/" target="_blank" rel="noopener noreferrer">Spotify[/url] has reported a surprise return to profit, only the second quarter in which it has made one during its 13-year history. The news saw the stock jump 7% in pre-market trading.</p>
<p>Spotify revealed that it now has 113M paid subscribers, up five million during Q3. Including free members on its ad-supported tier, it has 248M monthly active users. The company cited one particular factor at play and says that it expects even better things ahead…</p>
<p> <a href="https://9to5mac.com/2019/10/28/surprise-return-to-profit/#more-617044" class="more-link">more…[/url]</p>
<p>The post <a rel="nofollow" href="https://9to5mac.com/2019/10/28/surprise-return-to-profit/">Spotify reports surprise return to profit, says faster growth than Apple Music[/url] appeared first on <a rel="nofollow" href="https://9to5mac.com">9to5Mac[/url].</p><div class="feedflare">
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