Spotify Premium ARPU Rises 9.3% to EUR4.95 in Third Quarter
Premium revenue grew 17% to EUR4.487 billion, alongside 9% subscriber growth to 306 million. ARPU rose 7.5% on a constant-currency basis.
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10:57:24 AM UTC
SquawkNews
By Josee RoseSpotify Technology said it added more premium subscribers in the third quarter, driving revenue higher. However, total costs increased, pushing earnings down.Spotify said its premium subscribers totaled 306 million in the quarter, up 2% sequentially, and 9% year over year. It posted in…
Spotify's Premium Average Revenue per User rose 9.3% year over year to EUR4.95 in the third quarter, or 7.5% on a constant currency basis, as price increase benefits offset product and market mix shifts. Premium revenue grew 17% to EUR4.487 billion alongside 9% subscriber growth to 306 million, the…