Spotify Technology SA reported Q3 FY23 revenue growth of 11% YoY to $3.65 billion, beating the consensus of $3.34 billion. Premium Revenue grew 10% YoY to €2.91 billion, helped by subscriber additions. Total MAUs rose 26% YoY to 574 million. Premium Subscribers grew 16% YoY to 226 million. The company held €3.8 billion in cash and equivalents and generated €216 million in free cash flow. SPOT shares traded higher by 2.04% at $157.76 premarket on the last check Tuesday.