Despite three-month fallout, Spotify is on the rise – Wall Street Journal

I've subscribed to almost every digital entertainment platform during the pandemic. Netflix, Showmax, YouTube Music, Spotify and even Quibi – the startup aimed at creating quality, short-form video that you can watch on-the-go. Why, you ask? Well just in case I need to take a work-from-home break (I guess). Streaming platforms are reliant on habit, for example, listening to music on your morning run, or a podcast on the way to the office. But when the coronavirus pandemic hit, habit seemed a thing of the past and ad-based streaming platforms had to bear the brunt of it, with daily active user declines. But unlike Quibi, Spotify has made a comeback. Not only has it topped 138million subscribers, but the music platform has signed a licensing deal with Universal, which has seen a rise in stocks. So like Shady, Spotify is back, tell a friend. – Nadim Nyker

Spotify listenership recovers from pandemic woes, adds users

By Anne Steele

Spotify Technology said customers' overall time spent listening to the music-streaming service returned to pre-pandemic levels and its advertising business is showing signs of recovery as habits began to normalise in the second quarter after an initial upset brought on by Covid-19.

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