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Spotify losses widen as costs and subscribers increase

Spotify losses widen as costs and subscribers increase

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The logo of music streaming company Spotify is pictured on a smartphone. – EPA pic, July 27, 2022.

THE world’s most popular streaming service Spotify today recorded wider losses on rising costs even though subscriber numbers beat expectations in the second quarter. 

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Between April and June, the Swedish giant suffered a net loss of €125 million (RM563.75 million), compared to €20 million in the second quarter of 2021.


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