Macquarie's Yong Says Spotify Could Hit Half a Billion Monthly Users in 5 Years
Spotify’s monthly average user total could reach half a billion by 2023, said Macquarie analyst Amy Yong. It's “the dominant global streaming player with continued sub[scriber] growth and eventual operating leverage” and is set to renew label agreements and expand…
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to India, Russia and Africa, she wrote to investors Thursday night.