Technology

Spotify reports Q3 revenue up 21% YoY to €3.04B, MAUs up 20% YoY to 456M vs. 448.6M est., and Premium subs up 13% YoY to 195M; stock drops 6%+ on ad growth miss (Dawn Chmielewski/Reuters)

Photo of Grace Will Grace Will October 25, 2022
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Dawn Chmielewski / Reuters:

Spotify reports Q3 revenue up 21% YoY to €3.04B, MAUs up 20% YoY to 456M vs. 448.6M est., and Premium subs up 13% YoY to 195M; stock drops 6%+ on ad growth miss  —  Audio streaming service Spotify Technology SA (SPOT.N) Tuesday surpassed Wall Street’s estimates for revenue and subscriber gains …



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