Spotify revenue beats estimates on higher paid subscriber addition

  • 10/29/2019
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Revenue rose 28 percent to €1.73 billion ($1.92 billion) for the three-months ended Sept. 30 Spotify Technology’s quarterly revenue beat Wall Street expectations on Monday, as the music streaming company reported a better-than-expected 113 million in total paid subscribers for its premium service. Revenue rose 28 percent to €1.73 billion ($1.92 billion) for the three-months ended Sept. 30, from €1.35 billion a year earlier. Analysts were expecting revenue of €1.72 billion, according to IBES data from Refinitiv.

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