Spotify(SPOT) - 2024 Q3 - Quarterly Report
Exhibit 99.1 Q3 2024 Update November 12th, 2024 | | | Executive Summary The business delivered strong Q3 results, as all of our KPIs met or exceeded guidance and profitability reached record levels. MAU net additions ticked up to 14 million, surpassing guidance by 1 million. Subscriber net additions of 6 million were also ahead by 1 million. Despite greater than anticipated headwinds from unfavorable currency movements, Revenue was in-line and grew 21% Y/Y on a constant currency* basis. Gross Margin of 31.1 ...