Spotify Shows Strong Growth

Spotify on pace to grow revenue 40% this year, according to report

  • The music streaming company posted growing revenue and margins in the first half of the year.
  • Better deals with music labels may have helped Spotify, according to The Information, but the company is still losing money.
  • Investors estimate that the company has grown to about $16 billion in value, up from $13 billion earlier this year, according to "The Information".