Spotify's user growth beats expectations, posts quarterly profit
Tuesday, 24 October 2023 Spotify has reported a rise in both monthly active users and premium subscribers. The company's operating income for the third quarter was 32 million euros, its first quarterly profit since 2021. Spotify has been controlling costs after investing heavily in its podcast business, including layoffs. The company expects to reach 601 million monthly listeners by the final quarter of 2023 and is on track to achieve 1 billion users and $100 billion in revenue annually by 2030.
Delta Sees $1.11 Billion Profit , Ahead of Strong Holiday Bookings.
ABC reports that Delta Air Lines
gained $1.11 billion in profits as summer
travelers packed planes in the third quarter. .
On..
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