Spotify Technology S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 03, 2021 at 06:08 am EST
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Spotify Technology S.A. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was EUR 2,168 million compared to EUR 1,855 million a year ago. Operating loss was EUR 69 million compared to EUR 77 million a year ago. Net loss was EUR 125 million compared to EUR 209 million a year ago. Basic loss per share from continuing operations was EUR 0.66 compared to EUR 1.14 a year ago. For the full year, sales was EUR 7,880 million compared to EUR 6,764 million a year ago. Operating loss was EUR 293 million compared to EUR 73 million a year ago. Net loss was EUR 581 million compared to EUR 186 million a year ago. Basic loss per share from continuing operations was EUR 3.1 compared to EUR 1.03 a year ago.
Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The Company enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Its users can either select Spotify Free, which includes only shuffle play or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track and audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries. Its service offers a music listening experience without commercial breaks.
SPOTIFY TECHNOLOGY S.A. 
