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Africa-focused streaming service Mdundo hits 37.8m monthly active users, as paid subscription revenue jumps 112% in local currency terms – Music Business Worldwide

Written by News One

Africa-focused music streaming service Mdundo has reported continued strong growth in monthly active users and paid subscriptions, despite headwinds that resulted in an overall revenue decline. Mdundo counted 37.8 million monthly active users (MAUs) as of September, up 29.5% YoY, the company said in its fiscal Q1 (calendar Q3) report. The company reiterated guidance from […]