Spotify Is Rocking Hard Right Now. Here’s Why.
Spotify has been having a bit of a moment lately. For its fourth quarter reported last month, Spotify posted stronger-than-expected revenue growth, a narrower-than-expected loss and subscriber growth that exceeded expectations. For the current quarter, Spotify expects monthly active users to climb to 618 million—with premium subscribers rising to 239 million—and has given a revenue forecast of $3.9 billion.