One of the most popular online music and podcast platforms in the world. Spotifyshared its financial situation report for the third quarter of 2022. Although the company’s statements show that there is growth in the platform, the result did not please investors. Because parallel to the explanation in Spotify shares There was a decrease of 6%. Let’s take a look at the songs Spotify has shared together.

According to Spotify’s statements, the number of premium subscribers has increased in the last quarter. It has reached 195 million. For example, we see that Spotify has gained 7 million new subscribers in the past 3 months. In addition, the company estimates that it will reach 200 million subscribers in the last quarter. The total number of users of the platform with the latest figures 456 million level has been reached. However, if we look at the profitability of the company, we see that the results are not very positive.

Spotify’s profit margin is falling!

In the latest quarterly financial report from the platform, we see a decline in profit margin. Gross margin recorded as 26.7 percent last year, this year 24.7 percent declared as. The reason for the drop in profit margin, according to the company, is the amount paid to musicians. royalty due to a pay rise.

Spotify cares as much about podcasts as it does music. In the past three months 300 thousand By announcing that the new podcast broadcast on the platform has started, the authorities have announced that the number of instant podcasts has reached 4.7 million. Moreover, according to the company, podcasts are also very important for revenue. Spotify’s Growth on the Podcast Front more than 10 percent said that…