Spotify Subscriber Gains Beat Expectations, Driving Double-Digit Revenue Growth in Q3

This was a quarter where we did what we said," said Spotify Co-CEO Alex Norström.

63 billion) in the third quarter ending Sept. 30. With 6 million net new premium subscribers in the quarter — 1 million ahead of earlier guidance and bringing the overall total to 306 million — revenue from paying users rose 15% from a year ago to 4.

Monthly active users (MAUS) grew in line with guidance, rising by 11% from last year to 788 million users worldwide, as the company’s multi-quarter rebuild of its advertising tech stack began to show green shoots.

The gross margin for the premium segment was 34. 5%, while the ad-supported segment’s gross margin was 18. 7%, up by 130 and 105 basis points, respectively.

Operating margin is one measure of the operational leverage the company’s executives can drive elsewhere in the business.

Operating expenses as a percentage of total revenue came in at 19%, and though it ticked up slightly in the third quarter, this metric has been trending downward since late 2023.

No quarto trimestre, a empresa disse que espera que os MAUs aumentem em 30 milhões de novos adicionados líquidos para 818 milhões, e que os assinantes premium líquidos novos aumentem em 10 milhões para um total de 316 milhões.

Os executivos da Spotify discutirão os resultados do terceiro trimestre da empresa com analistas e investidores a partir das 8h ET. Antes dessa ligação, aqui estão os destaques.

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Em números

• No quarto trimestre, a empresa disse que espera que os MAUs aumentem em 30 milhões de novos adicionados líquidos para 818 milhões, e
• Que os assinantes premium líquidos novos aumentem em 10 milhões para um total de 316 milhões