I mean I understand there are a lot of caveats to that statement. Like I said, just kind of a surprising number. A company as massive as Spotify can have its revenue shift 10 of millions easily within a year, which means with a little nudge they could easily become unprofitable.
It would be like, I don’t know, realizing after you’ve paid all of your bills and groceries everything you have $300 at the end of the month. Not a lot of wiggle room. This isn’t sympathy and the stakes aren’t the same lol, I’m just saying their margins are not as high as I would have suspected.
A cursory search shows me competing figures - 7000+ and 15000+ employees. Both are very, very large numbers. Id have guessed they make hundreds of millions a year, not mid-8 figures. That’s probably what their payroll runs for 3-6mo.
Edit: for perspective, they have over 200mill paying subscribers. If ~800,000 left they’d be break even. That’s like .4% of their MAU’s.
Who cares what the “company” does when, as CEO, you rake almost $400 MILLION a year
https://mywage.ca/salary/celebrity-salary/daniel-ek
PS: and this is while receiving “no salary” (which they sell as if they were running a charity and meager $1.4 million in “other” compensation
I mean I understand there are a lot of caveats to that statement. Like I said, just kind of a surprising number. A company as massive as Spotify can have its revenue shift 10 of millions easily within a year, which means with a little nudge they could easily become unprofitable.
It would be like, I don’t know, realizing after you’ve paid all of your bills and groceries everything you have $300 at the end of the month. Not a lot of wiggle room. This isn’t sympathy and the stakes aren’t the same lol, I’m just saying their margins are not as high as I would have suspected.
A cursory search shows me competing figures - 7000+ and 15000+ employees. Both are very, very large numbers. Id have guessed they make hundreds of millions a year, not mid-8 figures. That’s probably what their payroll runs for 3-6mo.
Edit: for perspective, they have over 200mill paying subscribers. If ~800,000 left they’d be break even. That’s like .4% of their MAU’s.