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Spotify Q3 hits forecasts, but Covid-19 uncertainty mutes guidance

Wednesday 27 October 2021 | 14:00 CET | News
Spotify reported a third quarter at the top end of expectations, helped by lower churn, strong advertising and increased user engagement. The company had earlier warned for possible fluctuations as a result of the covid-19 pandemic but did not mention any specific effects for this quarter. It did however still see "substantial uncertainty" going forward and kept its muted outlook for the fourth quarter, though lifting the bottom end of its revenue forecast.  

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Categories: Internet
Companies: Spotify
Countries: World
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