This was announced by the company on Wednesday. Sales from October to December rose to 1.86 billion euros, compared to 1.5 billion a year ago, almost reaching analysts' estimates. However, due to increased marketing costs, earnings per share were negative at 1.14 euros.
Spotify has a big lead over its two closest competitors: Apple Music had more than 60 million subscribers in June and Amazon had more than 55 million worldwide.
In the first quarter, Spotify expects total premium subscribers in a range between 126 and 131 million, hitting estimates of 128 million. When it comes to revenue, however, the experts were more optimistic: Spotify is targeting revenues of between €1.71 billion and €1.91 billion, while analysts expect sales of €1.90 billion. (SDA)