Spotify Leaps to 10 Million Paying Subscribers

May 21, 2014 7:42 PM

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Spotify Leaps to 10 Million Paying Subscribers

STOCKHOLM—Spotify AB updated its usage numbers for the first time in over a year on Wednesday, saying a quarter of its 40 million active users are paying subscribers.

The release of the new data follows a raid and costly expansion of the streaming music service. The Anglo-Swedish company, founded in 2006, has more than doubled the number of markets it is available in to a total of 56 nations.

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