Spotify results beat estimates as more users tune in

Article feature image

STOCKHOLM (Reuters) – Spotify Technology SA beat Wall Street estimates for first-quarter revenue and paid subscribers on Wednesday, as the music streaming company launched in newer markets and recorded user growth in countries such as the United States and India.

Premium subscribers, which account for most of the company’s revenue, were up 21% to 158 million from a year earlier. Analysts on average were expecting the company to have 157.5 million paid subscribers, according to IBES data from Refinitiv….

Click here to view the original article.

S&P/ASX 200 
7,014.20  31.50  0.45%  
ALL ORDINARIES 
7,239.40  30.40  0.42%  
Dow Jones Industrial Average 
34,382.13  360.73  1.06%  
S&P 500 
4,173.85  61.35  1.49%  
NASDAQ Composite 
13,429.98  304.98  2.32%  
NYSE COMPOSITE (DJ) 
16,415.36  233.76  1.44%  
FTSE 100 
7,043.61  80.28  1.15%  
DAX PERFORMANCE-INDEX 
15,416.64  216.94  1.43%  
Nikkei 225 
28,084.47  636.47  2.32%  
HANG SENG INDEX 
28,027.57  308.87  1.11%