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Spotify Beats Expectations

By Shai Oster
· · Source: Reuters

Spotify said the number of paid subscribers has grown to 144 million, surpassing expectations, Reuters said. The number of premium subscribers rose 27% from a year earlier, it said, while total monthly active users grew 29% to 320 million. Revenue was up 14% to 1.98 billion euros ($2.32 billion) in the third quarter, just shy of analysts’ estimates, Reuters said. The music streaming...

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