With 500 million monthly users, Spotify is the world’s largest music streaming service. Here’s an inside look at how the platform uses machine learning technology to generate personalized recommendations. Photo illustration: Ryan Trefes
Music streamer’s strong subscriber and margin growth following price hike affirms position in industry’s value chainSpotify is the world’s largest music streaming service by monthly users. Here’s an inside look at how the platform uses machine-learning technology to generate personalized recommendations.
Photo illustration: Ryan Trefeslatest results showSpotify said Tuesday morning that it added six million new paying subscribers during the third quarter, which was well over the four million the company had. It projected adding nine million new paying subscribers in the fourth quarter, topping the eight million analysts had been projecting.
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