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submitted 6 months ago* (last edited 6 months ago) by MasterPain@lemmy.world to c/technology@lemmy.world
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[-] stonerboner@lemmynsfw.com 6 points 6 months ago* (last edited 6 months ago)

Apple has many more subscribers than in the USA, but I know Europe uses Spotify more. Being the biggest means they are more top heavy in the market.

But the funny thing is that even with a larger user base, Spotify has NEVER posted a profit (which gets significantly more negative each year). They also have been loosing a substantial percentage of their revenue per user each year as they further enshittify their platform.

They should be VERY concerned about losing users, and taking away features will end up doing just that.

[-] NekkoDroid@programming.dev 1 points 6 months ago

But the funny thing is that even with a larger user base, Spotify has NEVER posted a profit

I honestly doubt if you'd isolate Apple Music it'd be any different for them.

this post was submitted on 03 May 2024
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