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Spotify hits 83 million paid subscribers

Music streaming giant Spotify has 83 million paid subscribers amount to a total of 180 million daily active users as reported in its second-quarter earnings report from 2018. Spotify’s daily active user base has grown 30 percent year-over-year.

Additionally, Spotify also states that its revenue has increased up to 26 percent year-over-year. The online music streaming company generates most of its revenues from selling premium subscriptions. With Apple Music, Google Play Music and the new YouTube Music vying for the same customers, Spotify continues to grow its subscriber base.

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