Spotify doubles Apple in subscribers and builds its podcast empire

On Wednesday, Spotify revealed its latest earning report and, rest assured, the company still reigns over music streaming services with two times the subscribers of Apple Music. But it's also quickly catching up on podcasts.

The past quarter was Spotify's fastest-growing one in terms of subscriptions. With a 29-percent  increase in subscribers compared to the same period last year, Spotify now boasts 124 million premium subscribers compared to the 60 million Apple last reported. 

Though Spotify expects a financial loss in the first quarter of 2020, it's also projecting continued growth in monthly active users and premium subscribers. Read more...