STOCKHOLM/NEW YORK (Reuters) – Spotify Technology SA
Premium subscribers, which accounts for most of the company’s revenue, were up 27% from a year earlier. Analysts on average were expecting the company to have 136.4 million paid subscribers, according to IBES data from Refinitiv.
Revenue rose 13% to 1.89 billion euros ($2.22 billion) for the three-months ended June 30, from 1.67 billion euros a year earlier.
(Reporting by Supantha Mukherjee in Stockholm and Ken Li in New York, Editing by Johan Ahlander)