Music streaming giant Spotify grew its user base to 124 million premium, or paid, subscribers and 271 million total active monthly users as of the end of 2019, saying the fourth quarter was its 'highest net add quarter' ever. Details:
"This was the highest net add quarter we’ve ever experienced," said the music streaming giant, led by CEO Daniel Ek. It also touted podcasts as"driving increased overall engagement and retention."
The company's fourth-quarter user figures met or exceeded its own forecasts for ending 2019 with 120 million to 125 million premium users and 255 million to 270 million monthly active users.
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