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Spotify’s growth continues its upward crawl.
Monthly active users increased by 14 percent year-over-year to 626 million, but 5 million short of Spotify’s expectations for the quarter. Subscribers also increased by 12 percent to 246 million, with Spotify reporting a record-high operating income of €266 million (about $288.8 million).
The growth timeline “exceeded even our own expectations,” said CEO Daniel Ek. “This all bodes very well for the future.”
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