Spotify loses $23.6 million in Q3, misses total user targets

By news@appleinsider.com (Wesley Hilliard) Spotify reaches 365 million monthly active users, just missing forecast targets, yet posted a $23.6 million loss despite strong paid subscription numbers.Spotify posts $23.6 million loss in Q3Spotify has long operated at a net loss with the hope of one day establishing enough paid subscribers and ad revenue to offset its increasing costs. The company sometimes posts a profit in a quarter, but these occurrences are rare….

Source:: Apple Insider