Spotify still attracts more subscribers

(AOF) – Spotify recorded 381 million monthly active users (MAU) in the third quarter of 2021, up 19% year on year. A figure that is in the upper range of its forecasts. The number of Premium subscribers also increased 19% year-on-year to 172 million in the quarter. Revenue reached 2.5 billion euros, up 26% thanks to Premium revenues (+ 22% to 2.18 billion euros) and advertising (+ 75% to 323 million euros). euros).

Quarterly gross margin stood at 26.7%, up 200 basis points, as net income fell into the green of a small 2 million euros, following a loss of 101 million a year earlier .

Finally, the Swedish music streaming platform maintained its outlook for the fourth quarter, and is targeting 400 to 407 million active users for expected revenues of between 2.54 and 2.65 billion euros. The quarterly loss is expected between 72 and 152 million euros.

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