Spotify said in its Q4 earnings report that while it bled another $231 million in cash, subscribers rose to 489 million.Following its laying off of 6% of its workforce, Spotify has reported mixed results for its latest financial earnings.”In hindsight, I got a little carried away and over-invested relative to the uncertainty I saw in the market,” Spotify CEO Daniel Ek told Deadline. “Podcasting has been a drag on the gross margin side… Some investments worked out, some haven’t. Some shows worked, some didn’t perform as we expected.” Read more…
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