Spotify Technology SA's quarterly revenue beat Wall Street expectations on ...
A trader is reflected in a computer screen displaying the Spotify brand before the company begins selling as a direct listing on the floor of the New York Stock Exchange in New York, U.S., April 3, 2018. REUTERS/Lucas Jackson
The company’s premium subscribers rose 31% to 113 million from a year earlier. Analysts were expecting the company to have 112.9 million paid subscribers, according to IBES data from Refinitiv. The company, however, still faces growing competition from Apple Inc and other players in the market.
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