Spotify Announces Financial Results for Q3 2021

From Spotify:

Total MAUs grew 19 percent Y/Y to 381 million in the quarter, up from 365 million last quarter and near the top end of our guidance range. We experienced double-digit Y/Y growth in all regions.

Premium Subscribers grew 19 percent Y/Y to 172 million in the quarter, up from 165 million last quarter and towards the midpoint of the guidance range. We tested a Premium promotion in the third quarter, which aided the typical seasonality of our business and also helped offset the tough comp from the successful launch of Russia and surrounding territories in Q3 last year.

Revenue of €2.5 billion grew 27% Y/Y in Q3. Gross profit was €699 million.

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