Spotify posts 29% jump in premium subscribers, beats estimates
Share:
(Reuters) - Spotify Technology SA on Wednesday reported a 29% jump in premium subscribers in the fourth quarter, beating estimates, as the music streaming company rolled out more promotions to battle stiff competition from rivals including Apple Inc and Amazon.com Inc .Premium subscribers, which account for nearly 90% of its revenue, stood at 124 million for the three months ended Dec. 31 from a year earlier. Analysts on average were expecting the company to have 122 million paid subscribers,..