Spotify Adds Most Subscribers Ever in Fourth Quarter

This week, paid music-streaming leader Spotify (NYSE: SPOT) reported fourth-quarter results, and they showed that its big bet on podcasts continues to pay off: The company keeps adding paid subscribers and podcast engagement is enjoying "exponential growth." Spotify had spent around $400 million in 2019 to acquire three different podcast start-ups to jump-start that strategy, and the company is now making yet another podcast acquisition.

Here's how Spotify fared in the fourth quarter.

Image source: Spotify.

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Source Fool.com