STOCKHOLM, Sweden — Spotify, the Swedish music streaming platform announced its third quarter results, posting its first-ever profit of 43 million euros ($49 million) as a result of a tax adjustment.
The streaming service said the number of paid “premium” subscribers rose to 87 million in the quarter — with a total revenue of $1.35 billion, up 31 percent from a year ago, largely in line with the companies forecasts.
Spotify also announced several other notable partnerships during Q3:
Globally, Samsung will integrate Spotify into the setup experience on new phones, and Spotify will be the preferred music partner for Samsung’s multi-device ecosystem. In the UK and Ireland, Sky, Europe’s largest pay TV service, will allow users to add Spotify directly to their cable bill. In Japan, DAZN, a fast-growing sports subscription streaming service, will partner with Spotify on marketing campaigns promoting Spotify.
Spotify also announced a partnership with Google where Spotify will offer Google Home Mini speakers to Family plan master account holders in the US during the holiday season.
Photo Credit: Courtesy of Spotify
