Spotify hits 130mn paid subscribers

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Spotify hits 130mn paid subscribers

Apr 30, 2020 09:24 IST

Swedish music streaming service Spotify has announced that its premium subscribers grew 31 per cent to reach a count of 130 million during the first quarter of 2020. It also reported a 22 per cent increase in revenue in Q1, despite declining ad sales due to the ongoing Covid-19 pandemic. Spotify now expects its premium subscribers base to grow in the range of 133 to 138 million by the second quarter of 2020.

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