Spotify narrows losses as subscribers grow


  • TECH
  • Thursday, 03 May 2018

A headset is seen in front of a screen projection of Spotify logo, in this picture illustration taken April 1, 2018. REUTERS/Dado Ruvic/Illustration

NEW YORK: Top music streaming platform Spotify said on May 2 that it narrowed its losses in the first quarter as it kept a steady growth of subscribers. 

Filing earnings for the first time in the wake of its listing a month ago on the New York Stock Exchange, the Swedish company said that it lost €41mil (RM193.36mil) in the three months through March. 

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