Q3 involved more of the same for Spotify. Excellent user growth that beat guidance, strong headline revenue growth, but plateauing gross margins and widening operating losses.
Spotify's Q3 2022 Results: A Mixed Bag
Spotify's Q3 2022 Results: A Mixed Bag
Spotify's Q3 2022 Results: A Mixed Bag
Q3 involved more of the same for Spotify. Excellent user growth that beat guidance, strong headline revenue growth, but plateauing gross margins and widening operating losses.