Spotify Adds Subscribers With Focus on Podcasts — Update
Provided by Dow Jones By Anne Steele Spotify's pandemic boost may be peaking. The Swedish audio-streaming giant posted stronger-than-expected subscription growth in the fourth quarter of 2020 as more listeners tuned into music and podcasts from home amid the coronavirus pandemic. Still, the company offered a conservative outlook for the current year as new sign-ups could ebb. Shares in Spotify Technology SA fell 9% Wednesday morning in New York to $315. The pandemic proved to be a boon for streaming content as lockdowns across the world had consumers...