Spotify increases subscribers but widens net loss in 2019

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At the end of 2019 Spotify's number of monthly active users had grown to 271 million, a 31% increase from a year earlier.

Music streaming service Spotify Wednesday reported a bigger net loss in 2019, driven by aggressive investing, but said it had more active users and paying subscribers.

But with aggressive investments in both research and marketing the company also reported a net loss of 186 million euros for 2019, more than double that of the year before when the company posted a loss of 78 million.

 

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