Spotify expects Q4 operating income of €820 million, above estimate
SPOT•Spotify expects Q4 operating income of €820 million, versus an estimate of €813.36 million. Q3 revenue was €4.97 billion, monthly active users reached 788 million, and earnings per share were €2.48.
1. Q3 results and Q4 outlook
Spotify reported Q3 revenue of €4.97 billion and earnings per share of €2.48, with 788 million monthly active users and 306 million premium subscribers. For Q4, it expects 818 million monthly active users, 316 million premium subscribers, revenue of €5.2 billion and operating income of €820 million.
