Spotify Active Monthly Users Grows to 551 Million, Premium Subscriptions Rise 17 Percent in Second Quarter

Spotify Active Monthly Users Grows to 551 Million, Premium Subscriptions Rise 17 Percent in Second Quarter

Spotify Technology on Tuesday reported second-quarter results that comfortably beat expectations for both monthly active users and subscribers, and forecast the number of listeners each month would reach 572 million next quarter. After laying out plans last year to get 1 billion users by 2030 and to reach $100 billion (roughly…