profitable

He’s heard that by exposing it to the perfect cheeseball pop song — upbeat, sincere — it will excrete a natural hallucinogenic: a profitable slime.

The company on Tuesday said it anticipates earning a full-year profit in 2024, which would make this Spotify’s first profitable year ever.

“CoComelon” producer Moonbug Entertainment declined to share financial results for the franchise, but parent company Candle Media said Moonbug was the biggest and most profitable piece of its business, which also includes actor Reese Witherspoon’s Hello Sunshine production company.

“And Moonbug is the main driver of that, and is, in and of, itself, very profitable too.”

“Candle Media has come through a very difficult time, as the rest of the industry has ... but as a whole, we’re profitable,” Mayer said.