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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 5 months ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

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[-] JackbyDev@programming.dev 2 points 5 months ago

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."

[-] bolexforsoup@lemmy.blahaj.zone 1 points 5 months ago* (last edited 5 months ago)

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.

[-] JackbyDev@programming.dev 2 points 5 months ago

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

this post was submitted on 04 Jun 2024

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