Spotify beats expectations by reaching 83m subscribers
Digital music and audio | The Guardian 2018-08-02
Summary:
Music streaming service posts positive figures in face of competition from Apple and Amazon
Spotify recorded an 8m rise in its number of paid subscribers in the second quarter as it attempts to stave off mounting competition from deep-pocketed rivals Apple and Amazon.
The music streaming service said the number of monthly paying subscribers, which account for the bulk of its revenue, rose to 83m at the end of June from 75m in the first three months of 2018, more than double Apple’s last-reported 40m paid users.
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