Revenue rose 33 per cent to €1.51 billion (Dh6.18bn), beating analysts' estimates of €1.47bn, according to IBES data from Refinitiv. Analysts on average were expecting the company to have 218.6 million subscribers, according to research firm FactSet. Premium or paying subscribers at the end of the quarter were 100 million, up from 75 million a year earlier. Spotify said it expects to have about 107 million to 110 million premium subscribers by the end of the current quarter. The company reported a loss attributable to shareholders of €0.79 per share.

Source: The North Africa Journal April 29, 2019 11:15 UTC