ForgottenFlux@lemmy.world to Technology@lemmy.worldEnglish · 6 months agoSpotify has raised prices for the second time in a year, with no new benefits, after its CEO sparked outrage by claiming the cost of creating 'content' is 'close to zero'www.techradar.comexternal-linkmessage-square248fedilinkarrow-up11.03Karrow-down19
arrow-up11.02Karrow-down1external-linkSpotify has raised prices for the second time in a year, with no new benefits, after its CEO sparked outrage by claiming the cost of creating 'content' is 'close to zero'www.techradar.comForgottenFlux@lemmy.world to Technology@lemmy.worldEnglish · 6 months agomessage-square248fedilink
minus-squareJackbyDevlinkfedilinkEnglisharrow-up2·6 months agoYou may need to realign your usage of phrases. Their 2024 Q1 financial statement has a line for “gross profit” and “net income/(loss) attributable to the owners of the parent.”
minus-squarebolexforsoup@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up1·edit-26 months agoI’m going off the number from the article that your dude linked. The guy said “€58 million in profit.” Totally possible he’s wrong though.
minus-squareJackbyDevlinkfedilinkEnglisharrow-up2·6 months agoI’m just saying there is a difference between “gross profit” and “net profit” because their official financial statement differentiates between it.
You may need to realign your usage of phrases. Their 2024 Q1 financial statement has a line for “gross profit” and “net income/(loss) attributable to the owners of the parent.”
I’m going off the number from the article that your dude linked. The guy said “€58 million in profit.” Totally possible he’s wrong though.
I’m just saying there is a difference between “gross profit” and “net profit” because their official financial statement differentiates between it.