Spotify Technology S.A. (SPOT) posted a fourth-quarter net loss to owners of the parent of 70 million euros compared to a loss of 270 million euros, a year ago. Loss per share was 0.36 euros compared to a loss of 1.40 euros. Operating loss was 75 million euros compared to a loss of 231 million euros, prior year. Excluding 143 million euros in charges associated with efficiency actions, adjusted operating income was 68 million euros, for the quarter.
Fourth-quarter total revenue grew 16% year-over-year to 3.7 billion euros. Revenue grew 20% on a constant currency basis. Premium revenue was up 17% or an increase of 21% in constant currency, led by subscriber gains and the effects of price increases. Total Monthly Active Users or MAUs were up 23% year-over-year to 602 million, above the company's guidance by 1 million. Premium Subscribers grew 15% to 236 million, above its guidance by 1 million.
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