Commentary
Spotify: Paid Subs Up 30%, But Misses Analysts Expectations
- by Gavin O'Malley , Staff Writer @mp_gavin, August 1, 2019
Despite strong growth in its podcast business, Spotify reported fewer new paid subscribers than analysts expected during the second quarter.
During the period, the maker of the popular streaming app still saw paid subscriptions increase by a respectable 30% to 108 million, which translated to about $1.67 billion in revenue. …
Gavin O'Malley edits MediaPost's Mobile Marketing Daily and MoBlog column. Follow him: @mp_gavin. You can reach Gavin at gavin@mediapost.com.
