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Spotify tops guidance as customer base reaches 320 million in Q3

Thursday 29 October 2020 | 14:22 CET | News
Spotify reported third quarter results at the high end or above expectations. The company finished the quarter with 320 million monthly users, an increase of 29 percent from the year before, with premium subscribers reaching 144 million, up 27 percent. Spotify said it saw a recovery in global consumption hours and record low churn at under 4 percent, plus a better than expected free cash flow. It was helped by more mature regions showing accelerated user growth, its advertising business returning to growth and new launches in Russia and 12 surrounding countries. Headwinds were there however,

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Categories: Internet
Companies: Spotify
Countries: World
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