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....
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