Spotify Adds Subscribers, Swings to Loss as It Invests in Podcasts

Spotify posted better-than-expected growth in users and said its investment in podcasts is helping convert people who use its free tier into paying subscribers

Spotify Technology SA posted better-than-expected growth in users and said its investment in podcasts is helping convert people who use its free tier into paying subscribers.

At the end of the fourth quarter, Spotify had 271 million monthly active users, topping the company’s expectations. The company had 124 million paying subscribers, its most lucrative type of customer, which was at the high end of its guidance.

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