Spotify’s Q3 Shocker: Profit Soars, 700+ Million Users & a Price Hike Looming?
Spotify delivered a robust third-quarter performance, topping earnings estimates and underscoring its financial turnaround. The audio streaming giant reported €4.27 billion in Q3 revenue, slightly exceeding forecastsca.investing.com. This represented ~7% growth year-on-yearca.investing.comnewsroom.spotify.com. Key drivers were strong subscriber gains and higher subscription prices instituted in many markets. On the bottom line, operating profit came in at €582 millionnewsroom.spotify.com, rising roughly 28–33% from a year ago as Spotify reined in costs and expanded margins. Net income swung to €899 million for the quarter, a dramatic improvement from a €300 million loss in Q3 2024musicbusinessworldwide.com. This marks one of Spotify’s most profitable quarters ever, reflecting the payoff from its recent efficiency push.