{"id":829969,"date":"2024-07-06T09:38:56","date_gmt":"2024-07-06T04:08:56","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=829969"},"modified":"2024-07-06T09:38:56","modified_gmt":"2024-07-06T04:08:56","slug":"spotify-india-narrows-net-loss-in-fy23","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/06\/spotify-india-narrows-net-loss-in-fy23\/","title":{"rendered":"Spotify India narrows net loss in FY23"},"content":{"rendered":"<p>Audio streaming giant Spotify&#8217;s India unit narrowed its net loss by 26% to \u20b9344 crore in the financial year ended March 2023, according to the company&#8217;s financial data sourced from business intelligence platform Tofler.<\/p>\n<p>Spotify India LLP, a wholly owned subsidiary of Sweden&#8217;s Spotify AB, grew its revenue by 86% to \u20b9167 crore. Expenditure fell 9% to \u20b9504 crore. The platform&#8217;s subscription revenue jumped 66% to \u20b988 crore, while ad revenue surged 91% to \u20b963 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Audio streaming giant Spotify&#8217;s India unit narrowed its net loss by 26% to \u20b9344 crore in the financial year ended March 2023, according to the company&#8217;s financial data sourced from business intelligence platform Tofler. Spotify India LLP, a wholly owned subsidiary of Sweden&#8217;s Spotify AB, grew its revenue by 86% to \u20b9167 crore. Expenditure fell 9% to \u20b9504 crore. The platform&#8217;s subscription revenue jumped 66% to \u20b988 crore, while ad revenue surged 91% to \u20b963 crore.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[58,4,10],"tags":[],"class_list":["post-829969","post","type-post","status-publish","format-standard","hentry","category-broadcasting-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/829969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=829969"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/829969\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=829969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=829969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=829969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}