Music streaming giant Spotify said Wednesday that its second-quarter loss widened as recent stock gains led to higher payroll taxes, but its user base grew to 138 million premium, or paid, subscribers and 299 million total active monthly users as of the end of June.
That was up 8 million premium users from 130 million as of the end of March and up 13 million total users from 286 million, coming in at the high end of management's forecasts.
The firm had, for example, predicted it would end the second quarter with 133 million-138 million paid subscribers. In the second quarter of 2019, it had added 8 million premium and 15 million total users.
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