Spotify Hit All of the Proper Notes

Spotify’s place as a intermediary doesn’t at all times win it lots of followers. However because the music streamer’s newest outcomes present, that place isn’t as precarious because it appears. 

Spotify mentioned Tuesday morning that it added six million new paying subscribers in the course of the third quarter, which was nicely over the 4 million the corporate had forecast three months in the past. It projected including 9 million new paying subscribers within the fourth quarter, topping the eight million analysts had been projecting. The corporate additionally predicted that it might finish the yr with greater than 600 million month-to-month energetic customers—a mixture of paying subscribers and people listening to the service’s free, ad-supported tier.