Spotify now has 100 million subscribers paying for the streaming music service’s Premium subscription tier, in addition to now enjoying a presence in 79 markets since the company went public a year ago this month.
However, the milestone which Spotify announced today also illustrates a fundamental truth about the streaming music business. It’s apparently really hard to make money, given that Spotify’s announcement of 100 million paying subscribers comes at a time the company also lost $158 million during the most recent quarter.
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Spotify now has 100M paying subscribers, but it’s still losing money originally appeared on BGR.com on Mon, 29 Apr 2019 at 16:09:15 EDT. Please see our terms for use of feeds.
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