Reported about 7 hours ago
Spotify's third-quarter earnings exceeded analyst forecasts with revenues of €4.27 billion and an adjusted EPS of €3.28, while monthly active users rose to 713 million. Despite a slight drop in stock after the announcement, the company is optimistic about future growth, expecting significant revenue and user growth in Q4, although facing some currency headwinds. As CEO Daniel Ek transitions to executive chairman, the focus shifts to long-term profitability, boosted by recent price hikes and new strategic partnerships, including a collaboration with Netflix for video content.
Source: YAHOO