![Spotify is profitable once again as it cuts costs and adds cheaper plans](https://s2.storage.snapzu.com/47/cd/14/10/geoleo/snaps/bc/fd/250084/thumbs/c8ad8d03b392c6c9_fpi_large.jpg)
Spotify announced today that it beat expectations for third-quarter revenue and posted an operating profit of €54 million (about $60 million). This marks the third time in its history that the company has turned a profit, but one of those profits was the result of a tax windfall in 2018 that pushed it into the black.
Read more:
https://www.theverge.com/2019/10/28/20936612/spotify-q3-earnings-cheaper-plans-profitable-costs-cuts?source=Snapzu
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