0
Broadband

Spotify meets outlook for subscriber growth, warns for margin pressure

Thursday 1 November 2018 | 13:32 CET | News
Spotify reported third-quarter results in line with its guidance, adding another 11 million users for a total 191 million at the end of September. Paid subscribers rose by 4 million in the quarter and were up by 40 percent year-on-year to 87 million, putting the company on track to meet its target for at least 30 percent growth in the full year. However, Spotify slightly trimmed its forecast for Q4 and said it expects pressure on margins in 2019 from increased investment. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Google / Spotify / Tencent
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Spotify Q1 results top forecast as paid subscribers pass 100 mln

Published 29 Apr 2019 15:13 CET | World
Spotify hit 100 million paid subscribers in the first quarter, at the high end of its outlook, supported by its tie-in with ...

Spotify to expand in podcasts as growth expected to slow in 2019

Published 06 Feb 2019 13:08 CET | World
Spotify reported strong results for the fourth quarter, at the high end of its outlook thanks to a strong holiday sales campaign. ...

Spotify launches in the Middle East and North Africa

Published 14 Nov 2018 10:41 CET | Africa
Spotify has launched its service in thirteen new markets in the Middle East and North Africa (MENA), taking the music streaming ...

Streaming platforms up to 75% of US music revenue in H1

Published 21 Sep 2018 13:49 CET | United States
US music industry revenues rose by 10 percent year on year to USD 4.6 billion in the first 6 months of 2018, with streaming ...

Warner Music sells stake in Spotify

Published 08 Aug 2018 10:29 CET | World
Warner Music Group announced that it has sold its entire stake in Spotify, following the streaming company's IPO. Warner's ...

Spotify adds 8 mln paid subscribers in Q2, on track for FY growth of 30%

Published 26 Jul 2018 15:41 CET | World
Spotify ended the second quarter with 180 million active monthly users, up 30 percent from a year earlier and 10 million more ...

Spotify agrees to pay USD 112 mln in songwriter royalties

Published 25 May 2018 13:35 CET | World
Spotify has agreed to pay out USD 112.55 million in a settlement agreement after musicians David Lowery (of Camper Van Beethoven) ...

Spotify grows to 170 mln users in Q1, revenues up 26%

Published 03 May 2018 08:29 CET | World
Spotify ended the first quarter with a total of 170 million monthly active users, up 30 percent from a year earlier. Ad-supported ...





Calendar   /   Industry Events

10 May Ceva Q1 2021
10 May Weibo Q1 2021
10 May Boingo Wireless Q1 2021
10 May Synchronoss Q1
10 May NortonLifeLock fiscal Q4, investors day
10 May 8x8 fiscal Q4 results
11 May Magyar Telekom Q1 2021
11 May Radcom Q1 2021
11 May Vizio Q1 2021
11 May Sonim Q1 2021
11 May Telefonica Brasil Q1 2021
11 May Allot Q1 2021
11 May Softbank FY results
11 May United Internet Q1 2021
11 May Lattice Semiconductor investor day
11 May Small Cells World Summit
12 May Airtel Africa Q1 2021
12 May Mediaset Q1 2021
12 May NEC FY results
12 May Telefonica Deutschland Q1 2021
12 May Deutsche Telekom Q1 2021
12 May Bredband2 Q1 2021
12 May Syn Q1 results 2021
12 May OTE Q1 2021
12 May Lumentum fiscal Q3
13 May Inwit Q1 2021
13 May Telefonica Q1 2021
13 May Poly fiscal Q4
13 May Alibaba Group Q1
13 May DZS investors day
::: More Calendar Items