STOCKHOLM, Oct 27 — Swedish music streaming service Spotify today posted a net profit of €2 million in the third quarter, just the sixth time it has turned a quarterly profit since being listed in 2018.
The results were in line with Spotify’s and analysts expectations. In July the company said it expected to have to 377 to 382 million active users and 170 to 174 million paying subscribers. For the period July-September, the company’s €2 million profit was much stronger than analysts’ forecast of a net loss.
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