Spotify India loss narrows, revenue strikes a high note
Spotify India reported a net loss of ₹143 crore for 2023-24, a 58% decline compared to the previous fiscal. Operating revenue surged 93% to ₹321 crore. Subscription revenue increased by 90% to ₹167 crore, and advertising revenue soared 114% to ₹135 crore. The platform's monthly active users are 70 million, with increased engagement.
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