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Spotify Reports Strong Growth in Ad Revenues

By
Martin Peers
· · Source: The Information

Spotify reported 27% higher revenue for the third quarter, translating to an operating profit of 75 million euros compared with an operating loss of 40 million euros a year earlier. Driving the growth was a 75% increase in advertising-related revenue, a sign that Spotify’s expansion into podcasting is helping pay dividends. Spotify experienced little impact from the double whammy of Apple’s...

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