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Introduction

Spotify has reported a positive third quarter, with growth in revenue and user numbers.

Highlights

  • Spotify said it either met or exceeded its expectation for the quarter, with growth in the number of monthly active users (MAUs) accelerating and total subscribers rising faster than expected.

Features and Benefits

  • Details the third-quarter results for Swedish streaming service Spotify.
  • Examines financial and operating data as well as the company's guidance for the final quarter of the year.

Key questions answered

  • How did subscriber numbers for the third quarter fare compared with the guidance set out in the second quarter?
  • Given that Spotify has recorded a net profit in two of the last four quarters, what is the service expecting for the final quarter of full-year 2019?

Table of contents

Ovum view

  • Summary
  • Revenue growth and a profitable quarter
  • Paying subscribers at the higher end of expectations
  • Rest of the world catching up with major regions

Appendix

  • Author

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