Spotify surpasses Apple Music in race to dominate global music streaming, announces surprise profit

UNITED STATES – Audio streaming platform that provides DRM-protected music and podcasts from record labels and media companies, Spotify Technology SA has said its number of premium subscribers had risen by 26 million in the past year to 113 million at the end of September. The Swedish company said it was adding roughly twice as many subscribers per month as Apple effectively outstripping Apple Music in the race to dominate music streaming globally. The rising numbers enabled itr to post a surprise profit and beat Wall Street expectations for third-quarter…

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