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MusicRadar
MusicRadar
Entertainment
Daniel Griffiths

"I’m not sure that journey is fully understood. And frankly, we probably haven’t done a very good job of explaining it": Spotify just posted their first-ever year of profit

Daniel Ek.

In an announcement that will have plain-thinking normal folks scratching their heads and penniless musicians punching themselves in the face, Spotify has today announced their latest financials… And it’s good news… They’ve just turned a full-year profit for the first time. Ever.

Yes, the streaming giant, famous for having a CEO who is now richer than any of the artists whose music he serves, has finally made some money.

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