As Amazon reportedly gears up to offer its own hi-fi music streaming service, Spotify has posted its Q1 figures. One significant milestone: the world’s currently biggest music streaming service reported that it now has 100 million paying users (up 32 percent on a year ago) and 217 million subscribers overall in 79 markets, picking up 2 million users in India since launching there in February.

In financial terms, however, the picture is more mixed. Its €1.511 billion ($1.68 billion) in sales just beat analysts’ estimates for revenues of $1.64 billion. But earnings per share seems to have taken a big hit. The company, which is still unprofitable, posted negative EPS of €0.79 (or negative $0.88), while analysts on average were expecting only negative EPS of $0.39.

Read More At Article Source | Article Attribution