Spotify reported an operating loss of €228 million for the quarter on revenue of €3.04 billion, the latter of which represented an increase of 21 percent year over year.
In a nutshell: Spotify in its third quarter report finished the three-month period ending September 30, 2022, with 456 million total monthly active users, a 20 percent increase year over year and five percent more than the previous quarter. Broken down further, that works out to 195 million premium (paying) subscribers and 273 million ad-supported users, representing increases of four percent and seven percent quarter over quarter, respectively.
Spotify reported an operating loss of €228 million for the quarter on revenue of €3.04 billion, the latter of which represented an increase of 21 percent year over year.
