Spotify Sees Engagement Soar Due to COVID-19

Like many other content-streaming service providers, Spotify (NYSE: SPOT) saw a spike in engagement related to the COVID-19 pandemic as people stay at home and governments around the world enforce various forms of lockdowns. The Swedish company reported first-quarter earnings results this week, and Spotify met or exceeded its internal expectations across numerous fronts despite the public health crisis.

Here's how the paid music-streaming leader did in the first quarter.

Image source: Getty Images.

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Source Fool.com