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Introduction

Spotify has published its third quarter results, which detail an increase in all the major indicators. Revenue registered positive growth, along with the totals for premium subscribers and monthly active users.

Highlights

  • Average revenue per user edged down because of rising family and student plan take up. However, an income tax benefit in the quarter helped the company report its first ever net profit.

Features and Benefits

  • Details the third-quarter results published by Spotify.
  • Digs into the company's financials and operating metrics.

Key questions answered

  • How many premium subscribers did Spotify end September with?
  • What was the main reason Spotify was able to record its first net profit in the quarter?

Table of contents

Ovum view

  • Summary
  • Income tax benefit pushes Spotify into profit
  • Steady rise in subscriptions and free-tier users
  • Emerging regions outpacing developed markets

Appendix

  • Author

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