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If you read the report it shows they are struggling to attract premium subscribers which are needed to grow revenue. Even at the discounted special premium rate the subscribers are leaving. Big problem.
The claim of "growth over revenue" is a furfy since no investor or company board is going to accept loss after loss after loss.
The current expected loss is EU 250m or 426 million AUD.
Seriously, how long can that go on?
Reacting to "Spotiless", it appears the users' preference for "Spotify free" over its premium service is like listening to commercial terrestrial radio.
If Spotify's results indicate a loss, how long can this be supported? Does Spotify have investors with deep pockets as Amazon did not make a profit until 2018, https://qz.com/1196256/it-took-amazon-amzn-14-years-to-make-as-much-net-profit-as-it-did-in-the-fourth-quarter-of-2017/ .
During the covid-19 pandemic, people are more likely listening to talk/spoken word/news-talk programs as exemplified by an increase in listenership to 2GB and RN in Canberra.
Thank you,
Anthony of postulating ideas Belfield