Spotify Reaches 124 Million Premium Subscribers — But Quarterly Losses Top $85 Million

Spotify closed 2019 with 124 million premium subscribers—a 29 percent increase from 2018’s year-end figure—but this user influx wasn’t enough to prevent the company from sustaining heavy overall losses.  Spotify’s earnings report also indicated that the streaming service’s premium-subscriber base grew 10 percent between the third and fourth quarters, and that 153 million users have […]

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