California [USA], Oct 28 (ANI): Spotify announced its Q3 2019 results, reporting a 30 per cent year-on-year increase in monthly active users at 248 million. The audio streaming platform highlighted that podcasts are driving user engagement. Spotify recorded a 39 per cent increase in podcast hours streamed quarter-on-quarter, the official blog notes.Spotify now boasts 113 million premium subscribers, a 31 per cent year-on-year increase. The company expects this figure to grow to 120-125 million for Q4 2019. (ANI)

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)