However, Spotify’s quarterly operating cash flow fell from $144.66 million on 30 September 2020. For instance, Spotify’s quarterly operating cash flow grew from $134.63 million on 31 December 2020 to $137.15 million on 31 December 2021. The answer the financial numbers offer is yes. Okay, Spotify (NYSE: SPOT) has a growing platform and a rising profile, but does it generate cash? Conversely, that controversy could grow Spotify by convincing more people to listen to Rogan. Spotify is growing with Rogan, but it is attracting controversy. Brown thinks Rogan could poach legacy media advertisers, so they want him canceled. Other critics such as Erik Brown think the Legacy Media is trying to cancel Rogan and Spotify because of the threat he poses to their businesses. To explain, the artists allege Rogan promotes anti-vaccination propaganda through such interviews.

For example, several major musicians, including Neil Young and Joni Mitchell, have left Spotify to protest Rogan’s interviews with controversial scientists and doctors. Moreover, the subscriber base growth justifies the risk Spotify (SPOT) took by paying $100 million for The Joe Rogan Experience.ĭramatically, Spotify is feeling heat for hiring Rogan. Hence, Spotify is growing but not making money. Additionally, Spotify’s quarterly revenues rose from $2.585 billion on 31 December 2020 to $3.074 billion on 31 December 2021. In contrast, Spotify’s quarterly gross income rose from $678 million on 31 December 2020 to $814 million on 31 December 2021. However, the quarterly income fell from $88.44 million on 30 September 2021.

Appealingly, the quarterly operating loss rose from -$85.30 million on 31 December 2020. Spotify reported a quarterly operating loss of -$8.57 million on 31 December 2021. For example, the number of Spotify subscribers grew from 155 million in the fourth quarter of 2020 to 180 million in the fourth quarter of 2021, Statista estimates.Ĭonversely, Spotify (NYSE: SPOT) lost money in the last quarter of 2021. By some measurements, Spotify (SPOT) had a tremendous 2021.

Does spotify cost money 2021