CEO Daniel Ek announced that Spotify grew to 248 million monthly average users in the last three months. Spotify forecast it would end 2019 with 255 million to 270 million monthly active users.

“For the eighth consecutive quarter, free cash flow was positive. We continue to see exponential growth in podcast hours streamed (up approximately 39% Q/Q) and early indications that podcast engagement is driving a virtuous cycle of increased overall engagement and significantly increased conversion of free to paid users.”