Spotify Reports Big Subscriber Gains, Profits; Stock Price Falls

Spotify reported 456 million monthly active users, up 20% from a year earlier and above the company’s guidance. Paying subscribers, Spotify’s most lucrative type of customer, climbed 13% to 195 million, also exceeding the company’s expectations. Spotify shares fell nearly 6% aftermarket. – The Wall Street Journal Read entire story.

Source: MUSIC – ArtsJournal