$SPOT (+3,19%) | Spotify Q3 '24 Earnings Highlights:

🔹 EPS: €1.45 (Est. €1.72) 😕

🔹 Revenue: €3.99B (Est. €4.02B) 😕; UP +19% YoY

🔹 Gross Margin: 31.1% (Est. 30.2%) 🟢

🔹 MAUs: 640M (Est. 639M) 🟢; UP +11% YoY

🔹 Premium Subscribers: 252M (Est. 250M) 🟢; UP +12% YoY

Q4 '24 Guidance

🔹 Operating Income: €481M (Est. €445.7M) 🟢

🔹 Revenue: €4.1B (Est. €4.26B) 😕

Business Performance

🔸 Operating Income: €454M; reflecting improvement in gross margin and efficient cost management

🔸 Free Cash Flow: €490M; indicating strong balance sheet and liquidity

CEO Daniel Ek's Commentary:

🔸 "We've reached a strong position thanks to outstanding execution. Our relentless focus on innovation and growth enables us to deliver the most valuable user experience in the industry. I'm excited about what lies ahead as we move closer to sustained profitability."