The audio-streaming service said it had added around 36 million new monthly active users last quarter, but still isn't profitable.
Audio-streaming service Spotify set a record for itself, gaining a net of 36 million new monthly active users in its last quarter, the app revealed on Tuesday. That is the highest quarterly gain in the company's history. In April, Spotify's CEO Daniel Ek said that the company's ability to gain more and more monthly active users and subscribers"even surprised us," he said.
The company said on Tuesday,"Spotify had a very strong quarter. We beat guidance and welcomed more users and subscribers than expected, with growth continuing to come from markets all over the world."
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