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INTERNATIONAL – Spotify has released its quarterly results and the music streaming service now has 83 million premium paid subscribers.
Compared to January, this is an increase from its last total of 70 million.
Spotify increased its customer base to 180 million in the second quarter, more than the 178.5 million expected by analysts.
According to a Bloomberg report, the company's shares fell by 5.6% at the start of the New York negotiations and this had investors not feeling positive.
However, compared to its biggest rival, Apple Music, it is ahead because Apple announced last April that it had just passed the 40 million mark of subscribers.
According to a February Wall Street Journal article, The Apple Service could be poised to beat Spotify by the end of the year.
One possible concern is that the growth of Spotify's free service seems to be slowing down.
The company reported fewer users of the level supported by advertising than a quarter ago, although the base has grown 23% from one year to the next. .
– BUSINESS REPORT ONLINE, BLOOMBERG
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