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# Spotify Q2 Financials Point To A Profitable Future
- URL: https://www.hypebot.com/spotify-q2-financials-point-to-a-profitable-future/
- Published: 2019-07-31T09:50:14.000Z
- Updated: 2019-07-31T09:50:14.000Z
- Description: Those who believe that Spotify will never be a profitable company may soon be forced to reevaluate their position. Today, the streamer reported that its second-quarter operating loss shrunk dramatically. Continue reading [https://www.hypebot.com/hypebot/2019/07/spotify-q2-financials-point-to-a-profi
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, Apple, Apple Music, DIY, DIY musicians, indie, music, music industry, musician, musicians, Pandora, Spotify, stock, #wp, #wp-post, #Import 2026-01-21 09:55

[![Spotify New $](https://hypebot.typepad.com/.a/6a00d83451b36c69e20240a4bfb740200b-150wi "Spotify New $")](https://hypebot.typepad.com/.a/6a00d83451b36c69e20240a4bfb740200b-popup?ref=hypebot.com)Those who believe that Spotify will never be a profitable company may soon be forced to reevaluate their position. Today, the streamer reported that its second-quarter operating loss shrunk dramatically to just $3.3 million in Q2 2019, down from $90 million a year ago; and its operating loss fell to $84.7 million from $439 million last year YoY. 

Quarterly revenue rose faster than analyst expectations to $1.86 billion.[ ![Spotify-Q2 2019](https://hypebot.typepad.com/.a/6a00d83451b36c69e20240a49b135c200d-500wi "Spotify-Q2 2019")](https://hypebot.typepad.com/.a/6a00d83451b36c69e20240a49b135c200d-popup?ref=hypebot.com)$1.67 billion of the total revenue came from premium subscribers, an increase of 31% year over year, and ad-supported revenue grew 34% to $184 million.

Operating expenses grew 4%.

**MORE FROM TODAY'S REPORT**

- **[Spotify Passes 232M Monthly Users, 108M Subscribers](https://www.hypebot.com/spotify-passes-232m-monthly-users-108m-subscribers/)**
- **[Spotify Has New Deals With 2 Majors](https://www.hypebot.com/spotify-has-already-completed-deals-with-2-majors/)**