Illustration by Alex Castro / The Verge
Spotify listening hours have returned to the same level they was at prior to the pandemic, the company announced today in its latest earnings release. It reported that the recovery was strongest in areas where the spread of the COVID-19 virus is apparently slowing. Spotify also said that overall podcast consumption has more than doubled. Spotify reported a loss of €356 million overall in the period, The Wall Street Journal reports, despite an increase in paying subscribers.
Just three months ago, Spotify reported big changes in listening habits as a result of the COVID-19 pandemic. “Every day now looks like the weekend,” the company wrote in its last earnings release, referring to the changes in morning routines it saw as people spent…
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Author: Jon Porter