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Spotify has raised prices for the second time in a year, with no new benefits, after its CEO sparked outrage by claiming the cost of creating 'content' is 'close to zero' (www.techradar.com)

submitted 6 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 6 months ago (1 children)

You may need to realign your usage of phrases. Their 2024 Q1 financial statement has a line for "gross profit" and "net income/(loss) attributable to the owners of the parent."

[–] [email protected] 1 points 6 months ago* (last edited 6 months ago) (1 children)

I’m going off the number from the article that your dude linked. The guy said “€58 million in profit.” Totally possible he’s wrong though.

[–] [email protected] 2 points 6 months ago

I'm just saying there is a difference between "gross profit" and "net profit" because their official financial statement differentiates between it.