Spotify’s successful earnings report on Wednesday morning, cofounder and CEO Daniel Ek and CFO Paul Vogel did a round of brief phone interviews.
The earnings report largely speaks for itself: The streaming giant reached 155 million paid subscribers in the fourth quarter of 2020, adding a record 30 million for the year, and its total users grew 27% to 345 million, adding a record 74 million; and the company touted its podcast strategy and reiterated its belief that the strategy is paying back: The company said 25% of its total user base engaged with podcast content in the quarter (up from 22% in Q3 and 16% in the fourth quarter of 2019).
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