Spotify Earnings Q3 2019 | Up on Most Counts
Added on 9th December, 2019 by Mark Mulligan
The 20,000 Foot View: Q3 2019 was a quarter of mixed fortunes for Spotify, with its subscriber base showing X growth, podcasts making a X showing, emerging markets X but ad revenue X.
- Spotify hit X million subscribers in Q3 2019, up X million on Q2 2019 and X expected growth
- Spotify added X monthly average users (MAUs) in Q3 2019 but grew its free user base X than paid, adding X million ad-supported MAUs
- Spotify added X million subscribers in North America, X more than it did the prior year, reflecting the X of the US streaming market
- Rest of World is growing faster in X than X: Spotify added X million Rest of World ad-supported MAUs compared to X million subscribers, with the gap widening compared to Q3 2018
- The paid-to-free ratio was X in both of Spotify’s predominately emerging market regions, due to free user growth creating a wider subscriber acquisition funnel
- North America and Europe added X million subscribers each, reaching X million and X million respectively
- Premium revenue grew X% year-on-year (YoY) to reach €X million in Q3 2019 while gross margin was X from X% to X%.
- Q3 2019 was a X quarter for ad-supported revenue, up €X million on Q2 2019, representing X% of all revenue, compared to X% one year earlier
- X million Spotify users streamed podcasts on-platform in Q3 2019, generating $X million in revenue
- Spotify churn X slightly from X% in Q2 2019 to X%, making it the second successive quarter that Spotify has recorded its X churn rate
- MIDiA forecasts Spotify to hit X million subscribers in Q4 2019
Companies and brands mentioned in this report: Spotify
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