.Spotify hits 113 million paid users, talks Apple & announces new CFO
Founder and Chief Executive Officer of Spotify Daniel Ek speaks onstage during Spotify Investor Day at Spring Studios on March 15, 2018 in New York City.
The company's third-quarter user figures exceeded Wall Street estimates. "Net subscriber growth exceeded our expectations and was led by strong performance in both Family Plan and Student Plan," leaving premium subs up 31 percent over the year-go period, the firm said. "Total monthly active users grew 30 percent...outperforming the high end of our guidance. Developing regions continue to be a significant driver of this outperformance.
Spotify forecast it would end 2019 with 255 million to 270 million monthly active users, which came in above previous expectations, and 120 million to 125 million premium subscribers.
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