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Spotify adds 25 million more users, but outlook remains uncertain due to pandemic

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Spotify on Wednesday reported subscriber growth for the fourth quarter of 2020 that beat Wall Street expectations.
Spotify on Wednesday reported subscriber growth for the fourth quarter of 2020 that beat Wall Street expectations. For the three-month period ending December 31,2020, Spotify added 25 million new monthly active users, pushing its total to 345 million – up eight percent consecutively and 27 percent year-over-year. As for premium (paying) subscribers, Spotify added 11 million in the quarter to finish at 155 million.

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