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Dubai

Tuesday, 1 August 2017

Spotify hits 60 million paying subscribers

Spotify now has 60 million paying subscribers, adding 10 million subscribers in less than five months, a spokeswoman for the music streaming company said on Monday.
Photo published for Music streaming company Spotify has 60 mln paying subscribers

The spokeswoman declined to comment on a report in the Financial Times that the Swedish company was eyeing a listing as soon as the fourth quarter, citing people familiar with the matter.
Spotify, which recently appointed financial advisers to explore a direct listing on the New York Stock Exchange, said in June that its operating loss widened in 2016 but revenue rose significantly.





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