![]() ![]() Spotify added 11 million subscribers in each of the last two fourth quarters, almost double its average for the first through third quarters of both years. The fourth quarter is peak season for subscription services and no time to disappoint. That’s good news for both investors and anybody due to receive royalties. What’s more, the company raised its expectations for fourth quarter revenue and gross margin. In other words, the company met expectations and didn’t unveil the kinds of surprises investors hate. ![]() Spotify landed within prior guidance for the third quarter and reached the high end of expectations for revenue and monthly active users. Spotify Hits 172M Paid Users as Quarterly Revenue Climbs 27% ![]()
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