Spotify Q1 Gross Profit Tops $1 Billion – 3 Trends For Continued Growth

Spotify Presents An Evening With Trevor Noah, Celebrating 'What Now? October 18, 2023 in New York ... [+] City. (Photo by Craig Barritt/Getty Images for Spotify)Getty Images for SpotifyThis week, Spotify beat first-quarter earnings and revenue estimates returning the 18-year-old company to profitably. Following mass layoffs in 2023 and increased service prices, the audio giant reported 3.6 billion euros ($3.9 billion) in first-quarter revenue and a gross profit of 1 billion euros ($1.08 billion). Immediatel ...