SHARE

Spotify makes profit after 19 years

The music streamer turned its first annual profit since it was founded in 2006, with net income of €1.14bn and revenue of €15.67bn, up 18% in its full year results. Spotify hosts around 6.5m podcast titles alongside hours of music.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.