Spotify Tops Estimates With 100 Million Paid Users
https://finance.yahoo.com/news/spotify-hits-100-million-paid-101530938.html
Spotify was projected to report about 218.3 million monthly active users and 99.3 million premium subscribers, according to estimates compiled by Bloomberg News. Though the premium figure topped expectations, total users fell just short at 217 million.
Shares of the music streaming service have rallied 22 percent so far this year, compared with a 17 percent gain in the S&P 500.