Music streaming giant Spotifyfeels "really good" about how the business has performed since the start of the coronavirus pandemic, with consumption now above pre-pandemic levels, CFO Paul Vogel said during a virtual investor conference session on Wednesday.
Vogel highlighted "better than expected" user and subscriber growth in the first half. Spotify this summer said that its user base had in the second quarter grown to 138 million premium, or paid, subscribers and 299 million total active monthly users as of the end of June.
Speaking during theGoldman Sachs Communacopia Conference, which was live streamed, he also touted the firm's early success in Russia and addressed the relationship with music labels and the opportunity in podcasting..