Spotify turns profit in France

Coral Williamson

Spotify’s revenue in France increased by 66% in 2013, marking the first time the streaming giant has turned a profit in the European country.

L’Express reports that the service now accounts for more than a third of the streaming market in France, up to 35% from 21.6% in 2012.

Spotify achieved a revenue of €18.75 million in 2013, up from 2012’s figure of €11.48m. With a net profit of €311,000 last year, it is the first time the Spotify France ...

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