Spotify Launches in Russia and More European Countries
Following last week's reports, Swedish music-streaming leader Spotify (NYSE: SPOT) has officially launched in Russia, along with a dozen other markets in Eastern Europe. The other countries are Albania, Belarus, Bosnia and Herzegovina, Croatia, Kazakhstan, Kosovo, Moldova, Montenegro, North Macedonia, Serbia, Slovenia, and Ukraine. The additions bring Spotify's total country availability to 92 markets as the company marches toward its goal of becoming available in "every market in the world."
Spotify estimates that there are approximately 250 million music listeners across those markets combined, underscoring the growth potential.
Spotify CEO Daniel Ek. Image source: Spotify.
Source Fool.com
