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Spotify Loss Deepens Despite Subscriber, Podcast Growth

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Spotify Loss Deepens Despite Subscriber, Podcast Growth

Spotify Technology SA deepened its loss in the three months ended June 30, as its recent stock run-up came with higher-than-expected payroll taxes that offset strong user growth.

The Stockholm-based music-streaming company said customers’ overall time spent listening to the service recovered to pre-pandemic levels, as habits began to normalize after an initial upset brought on by Covid-19.

The…

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