The company cut operating costs by 17% in the fourth quarter, resulting in an operating profit of $107 million (€94 million) - Spotify’s first quarterly operating profit.įor 2019, because of the podcast M&A strategy, Spotify expects to return to red ink. Spotify’s Q4 revenue was $1.7 billion (€1.495 billion), up 30%. Total monthly active users climbed 29%, to 207 million, for the year-end quarter, with growth topping Spotify’s forecasts in most markets with especially strong growth in Latin America and other emerging regions, the company said. The company now has over 96 million Spotify Premium subscribers - up 36% year over year - across 78 markets.

Spotify announced the acquisitions along with releasing Q4 2018 results. The company claims it powers more than 40% of the industry’s new podcasts, with an aggregate of 15 billion hours of content hosted on Anchor in the fourth quarter of 2018. The Manhattan-based startup provides a free-to-use podcasting platform and content hosting, along with monetization options.

was founded in 2015 by Michael Mignano and Nir Zicherman. Among Gimlet’s Hollywood deals was a pact with Amazon Studios to adapt podcast “Homecoming” as a series starring Julia Roberts.Īnchor FM Inc. In addition to its lineup of original podcast series, it operates an in-house advertising agency and Gimlet Pictures, a film and TV development and production arm. Brooklyn-based Gimlet Media was founded in 2014 by former public-radio producers Alex Blumberg and Matt Lieber.

Anchor fm spotify