Spotify shares jumped more than 12% Wednesday morning on stong quarterly numbers that showed a shift in listening patterns shifted solid subscriber growth last quarter amidst a global pandemic. The…
shares jumped more than 12% Wednesday morning on stong quarterly numbers that showed a shift in listening patterns shifted solid subscriber growth last quarter amidst a global pandemic. The Stockholm, Sweden-based music streaming giant said monthly average users jumped 31% to 286 million, including 130 million premium subscribers and 163 million ad-supported.
The company reported revenues of €1.848 billion and posted net income of $1 million for the three months ended in March.
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