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Spotify (SPOT) Boosts Paid Subscribers in First Quarter, Beating Estimates

Spotify Technology SA, the audio-streaming giant, swung to profit in the first quarter, as the company boosted subscribers and added new features.Paid subscribers rose 14% year over year to 239 million, the company said Tuesday in a statement, in line with analysts’ estimates compiled by Bloomberg. Total active users, including those plans with advertising, grew to 615 million, compared with the 617.9 million forecast by analysts....

Read more at bloomberg.com

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