Spotify is profitable once again as it cuts costs and adds cheaper plans

Spotify announced today that it beat expectations for third-quarter revenue and posted an operating profit of €54 million (about $60 million). This marks the third time in its history that the company has turned a profit, but one of those profits was the result of a tax windfall in 2018 that pushed it into the black.
Read more: https://www.theverge.com/2019/10/28/20936612/spotify-q3-earnings-cheaper-plans-profitable-costs-cuts?source=Snapzu