Spotify Technology SA moved past a slump that hit early in the pandemic, as customers collectively spent more time listening to the service than before Covid-19 shutdowns.
The music-streaming giant added more users than expected in the most recent quarter and said consumption habits have normalized, with in-car listening hours—which had fallen with time spent commuting—exceeding their pre-pandemic peak. Listening on home devices, which exploded during lockdowns, also remained high.
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