Spotify reports better-than-expected rise in premium subscribers
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(Reuters) - Spotify Technology SA on Wednesday reported a better-than-expected 29% rise in premium subscribers in the fourth quarter, as the music streaming company rolled out promotions to battle competition from 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. Analysts on average were expecting 122 million paid subscribers, according to FactSet. The company also forecast..