Spotify shares surge over 10% despite missing Q3 estimates
SPOT Spotify Technology SA
$584.22 +0.10%
View chart & analysis → - 1Spotify's Q3 premium subscriber count reached 306 million.
- 2Spotify achieved 9% constant currency advertising revenue growth in Q3.
- 3Spotify projected Q4 operating profit of $918.4 million.
So what's the key point?
Spotify's premium subscriber count exceeded 306 million. Operating profit is expected to reach $918.4 million in the fourth quarter.
Source Stocktwits +1 · View original ↗
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