Spotify cemented its status as the world’s music streaming leader today it had again turned a profit in the fourth quarter of 2018 as paid subscribers grew 11 percent to reach 96 million. But fierce competition in the space and the need to spend big has the company projecting an annual loss for 2019.

Still, there was plenty for the Swedish company to celebrate in its latest earnings.

Spotify’s earnings appear to include its first-ever

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