Spotify users grew 24% to 356M users but missed Wall Street expectations
Spotify users grew 24% to 356M users but missed Wall Street expectations Total Spotify users grew 24% year on year to 356 million in the first three months of 2021, the music streaming service reported to investors Wednesday. Spotify paid subscribers grew 21% year on year to 158 million. That meets Spotify’s own projection, but Wall Street wanted more. Analysts’ believed that Spotify would add 9 million new subscribers in Q1, not the 3 million that it delivered. Highlights from the quarter...
Source: hypebot.com