Spotify Subscribers Grow to 268 Million Even as Streaming Firm Misses Quarterly Estimates
Spotify reported operating profit that missed estimates even as it saw a surge in subscribers in the first quarter. The profit miss overshadowed a stronger gain in subscribers in the first three months of the year, showing that the streaming service’s strategy of expanding beyond music into audiobooks and podcasts is luring more fans even as it raises prices.
Spotify reported operating profit that missed estimates even as it saw a surge in subscribers in the first quarter. The profit miss overshadowed a stronger gain in subscribers in the first three months of the year, showing that the streaming service’s strategy of expanding beyond music into audiobooks and podcasts is luring more fans even as it raises prices.
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