But the funny thing is that even with a larger user base, Spotify has NEVER posted a profit
I honestly doubt if you’d isolate Apple Music it’d be any different for them.
Comment on [deleted]
stonerboner@lemmynsfw.com 6 months agoApple has many more subscribers than in the USA, I know Europe uses Spotify more.
But the funny thing is that even with a larger user base, Spotify has NEVER posted a profit (which gets significantly more negative each year). They also have been loosing a substantial percentage of their revenue per user each year as they further enshittify their platform.
They should be VERY concerned about losing users, and taking away features will end up doing just that.
NekkoDroid@programming.dev 6 months ago
venusaur@lemmy.world 6 months ago
So confused. A bunch of people using a platform for free criticizing them for never making a profit, then complaining when they try to make a profit that doesn’t interfere with listening to music?
Do y’all feel the same way about YouTube? They were bought by Google and had to start drowning free users in ads to make profits.
stonerboner@lemmynsfw.com 6 months ago
Yes I feel the same way about YouTube, and I’m confident many others do as well.
You can pretend that users who trade their time listening to and viewing ads don’t deserve the to be upset with enshittification, but I wholeheartedly disagree. That line of thinking tracks very well with Musk’s approach to X, another service that was the “biggest” but not profitable. Look how they have done moving features behind paywalls and upending the expectations of their user base.
venusaur@lemmy.world 6 months ago
Okay, well YouTube isn’t going anywhere.
Twitter was hardly ever profitable. I understand what you’re saying, that they need to keep growing their free user base to become profitable with ads, but they can’t do it with ads alone and I’m sure they’re time crunched. I could see them selling to a larger corporation at some point you think you dislike Spotify now. Just wait.
stonerboner@lemmynsfw.com 6 months ago
Twitter was hardly profitable, but Spotify has never posted a profit. In fact, they are more negative in regard to profit every year. Twitter and Spotify are very similar in that their main success is volume, but not profitability.
I have no doubt Spotify could or would sell and get even worse. Just like Twitter.
People use it BECAUSE it was free and feature rich. When they start taking away the latter to bolster the former, you’ll see a migration to the next best free, feature rich service. I quit Spotify 4 months ago, and I don’t feel like I’m missing out on anything.
small44@lemmy.world 6 months ago
Do you really believe this will make them more money?
venusaur@lemmy.world 6 months ago
not this alone, but as one person commented, the lyrics were a deciding factor of Spotify over YouTube Music. this among other features could draw more paid users.