Where will Spotify Be in 5 Years?

Music-streaming champion Spotify (NYSE: SPOT) is in the global spotlight right now. Consumers all around the world crave entertainment to cope with the social distancing policies of the COVID-19 era, and Spotify can help with that in 79 countries.

The leading music service is making the most of this unexpected star turn. The company just reported results for the corona-tinged first quarter, showing the strongest year-over-year revenue growth and subscriber additions since 2018.

Where is Spotify going from here? Let's have a look at the company's prospects over the next five years.

Source Fool.com