Spotify Narrows Loss, Hits 100 Million Subscribers

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Spotify Narrows Loss, Hits 100 Million Subscribers
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Spotify now has 100 million premium subscribers—its most lucrative type of customer

Spotify Technology SA narrowed its loss in the most recent quarter as the music-streaming giant invested heavily in its growing podcast business and said it now has 100 million paying users.

During the quarter, Spotify acquired podcast companies Gimlet Media and Anchor, and announced plans to acquire another podcast producer, Parcast. The...

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