Spotify revenue up but rise in premium subscriptions not what was expected
Music-streaming service wants to continue to price competitively
31 July 2019 - 17:55
Bengaluru — Spotify Technology reported better-than-expected second-quarter revenue on Wednesday, but added fewer paid subscribers than estimated, sending its shares down 2.2% in trading before the bell.
The world’s most popular paid music streaming service said premium subscribers rose 30% from a year earlier to 108-million, but missed analysts’ expectation of 108.5-million...
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