Spotify's Investment In Podcasts Is Paying Off

July 31, 2019
Spotify's investment in storytelling is paying off. The company revealing in its earnings report that its podcast audience has grown by over 50 percent since last quarter. The uptick in podcast interest has helped with user growth. Spotify reported 232 million monthly active users, higher than anticipated. We spoke to John Freeman, Vice President, Equity Research, CFRA about how Spotify stacks up to competition like Apple.