Spotify Technology

Spotify will in some cases require that secondary users of a Premium Family subscription scan a QR code shown in the primary user’s app within seven days to continue using the plan. If they do not scan, those users will be barred for 12 months from joining other Family or Duo plans, but can still sign up for an individual subscription. The measure is intended to ensure that Family members actually live in the same household; Duo subscriptions are apparently not affected. » Mere på golem.de

Spotify is expanding enforcement of its Family Plan policy by requiring members to scan a rotating QR code on the plan manager’s phone to verify shared household membership. Co-CEO Alex Norström described the measure as an ongoing routine improvement to close loopholes as users find ways to circumvent verification. The code refreshes every few seconds and missing the seven-day scan window can ban a user from joining another Family or Duo plan for 12 months. » Mere på theverge.com

In the third quarter Spotify increased revenue by 16% to €4.97 billion and operating profit by 15% to €672 million, with operating profit surpassing the company’s forecast. Monthly active users rose to 788 million and paying subscribers to 306 million; for the final quarter Spotify expects 818 million MAU, 316 million paying users, revenue of €5.2 billion and operating profit of €820 million. The company is driving additional growth by expanding its audiobook business into new markets and offering premium plans for heavy listeners. » Mere på finanzen.net

Spotify reports 788 million monthly active users for the third quarter, up 11 million from the previous quarter; 306 million of those are paying subscribers. Revenue rose 16% to €4.97 billion, and operating profit grew 15% to €672 million. For the fourth quarter Spotify expects an operating profit of €820 million and projects 818 million users and 316 million paying subscribers by year-end. The company is betting on new AI features to attract users and has removed more than 50 million low-quality or spam tracks from recommendations. » Mere på faz.net

In the third quarter Spotify increased revenue by 16% to €4.97 billion and operating profit by 15% to €672 million. Revenue was slightly below analysts' estimates, but operating profit exceeded the company's forecast thanks to lower advertising and personnel costs. Monthly active users rose to 788 million and paying subscribers to 306 million; for the final quarter Spotify expects 316 million paying subscribers, €5.2 billion in revenue and €820 million in operating profit. Management aims for additional growth by expanding its audiobook offering into new markets such as Spain, Mexico and Norway and by increasing revenue from especially active users. » Mere på finanzen.net