Spotify Expects Growth to Slow and Reach Around $6.4 Billion in 2018

Wibbitz Top Stories 2018-03-26

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Spotify Expects Growth to Slow and Reach Around $6.4 Billion in 2018 The Swedish company said it expects revenue to grow 20 percent to 30 percent this year, down from the 39 percent growth recorded in 2017. Spotify released its financial predictions for the year ahead of its public debut planned for April 3. Spotify expects between 198 million and 208 million monthly active users by the end of its fiscal 2018 year, an increase of 26-32 percent from 2017. Further, the company believes that between 92 million and 96 million of these users will be paid subscribers, an increase of 30 to 36 percent compared to the previous year. Shares of Spotify Technology are set to begin trading in April in an unusual direct listing without traditional underwriters. Spotify claims that it is doing this so that employees can sell right away, without a lock-up period

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