Spotify despite being the most active and used service by people especially Europeans has still lost money despite being the most used streaming service, for you which is the reason of this?
 https://www.google.it/amp/s/www.rollingstone.com/music/music-news/spotify-hits-180-million-users-and-loses-even-more-money-703781/amp/

I think they went public recently. I stopped using Spotify years ago. Tidal and Apple music only for me. Soon we are getting Qobuz in the US.