Spotify Says Its Podcasting Business Will Soon Be Profitable
- Streaming service sees 40% to 50% margins over long term
- Officials discuss podcast outlook in investor presentation
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Spotify Technology SA expects its podcast operation -- an expensive bet that has sparked investor skepticism -- to turn profitable in the next one to two years.
“This drag will not last,” Chief Financial Officer Paul Vogel said Wednesday at a presentation for investors. He was joined by Chief Executive Officer Daniel Ek and other Spotify officials.