Spotify’s Bet on Podcasts Is Paying Off With Exclusive Content

Spotify says podcasts are helping drive “extraordinary” conversion to paying customers

Spotify’s efforts to move beyond music and become a go-to destination for podcasts appear to be paying off.

The Stockholm-based streaming giant reported Monday morning it climbed to nearly 250 million monthly active users, including 113 million paying customers, during Q3. Combined with an unexpected third-quarter profit, those results spurred a 15% stock price surge.

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Sean Burch

Sean Burch

Tech reporter • sean.burch@thewrap.com • @seanb44