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Spotify Beats Forecast, Hits 761 Million Active Users

Also, the number of paying subscribers reached 293 million.


Spotify logo: EMMANUEL DUNAND—AFP/Getty Images

 

Music streaming giant Spotify said Tuesday that its number of monthly active users reached 761 million at the end of the first quarter, with the number of paying subscribers reaching 293 million.

 

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The result beat the company’s guidance of 759 million monthly active users (MAUs), while the number of paying subscribers was in line with its guidance.

 

AFP