Bill Simmon Ringer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

3 Min Read STOCKHOLM (Reuters) - Spotify on Wednesday forecast that revenue and paid subscribers would miss Wall Street estimates this quarter due to uncertainty over how long the coronavirus crisis would last and with it a surge in demand for its music streaming. The company’s shares, which have more than doubled in the last year, were down 10% in midday trading. Spotify has seen a sharp rise in paid subscribers during the pandemic as people have been locked down at home and in the fourth quarter beat revenue estimates as it hit 155 million paid subscribers for its premium service. While a...

Spotify Hits 155 Million Paid Subscribers in Q4, Says Podcast Listening Nearly Doubled Todd Spangler, provided by FacebookTwitterEmail Spotify packed in a strong end to the year roiled by the pandemic, topping forecasts for Premium subscribers to reach 155 million (up 24%) in the fourth quarter of 2020 — adding a record 30 million for the year. The audio streamer’s total users grew 27%, to 345 million in Q4, after netting 74 million in 2020, also a record. The company touted its podcast strategy and reiterated its belief that the strategy is paying back, despite some skeptics on Wall Str...