Spotify Technology SA reported a better-than-expected rise in first-quarter reve...
FILE PHOTO: A trader is reflected in a computer screen displaying the Spotify brand before the company begins selling as a direct listing on the floor of the New York Stock Exchange in New York, U.S., April 3, 2018. REUTERS/Lucas Jackson/File Photo
Spotify said it had 217 million monthly active users in March, up from 173 million in the same quarter a year earlier. Analysts on average were expecting the company to have 218.6 million subscribers, according to research firm FactSet. Europe contributed 40 percent of the total paid subscribers, followed by North America with 30 percent.
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