Music streaming giant Spotify beat investor forecasts and managed to do better than expected during the COVID-19 pandemic. Spotify witnessed substantial growth in the total userbase, subscriber count, and listening hours (reaching back to pre-COVID-19 levels) but the operating costs increased 48% and ad revenue fell 21% in Q2 2020.
In addition, Spotify recently rolled out real-time lyrics support to users in 26 countries, including India. It is also rolling out a ‘Group Session’ feature this week to enable users (up to five Premium subscribers) to share a common playlist, queue songs, and jam to them wherever they are. You can now even ask Alexa to play songs via Spotify in India.
