The streaming platform had 281 million premium subscribers for the quarter, coming in just below StreetAccount expectations.
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Spotify
on Tuesday reported strong third-quarter results that topped Wall Street expectations and saw total revenue climb 12% year over year, but issued weak guidance for revenue and subscribers for the current quarter.
Shares of Spotify fell 2% on Tuesday.
Here’s what Spotify reported compared with LSEG estimates:
Spotify's stock popped as the music streaming platform reported strong monthly average user growth and said it had its best…
Spotify stock fell after the music streaming platform fell short of Wall Street's revenue expectations.
The Swedish audiostreamer's soft guidance overshadowed an earnings beat.
The Swedish music giant saw record users despite artists saying they aren't paid enough to put their music on the platform.
Ricavi sui 4,5 miliardi di euro e secondo margine lordo più alto nella storia della società svedese dello streaming musicale
Biggest music streaming site adds record 38mn users in December quarter
