Spotify shares are trading higher after the company reported Q3 results. Premium revenue grew 10% year over year and total MAUs rose 26%.
Portfolio Pulse from Benzinga Newsdesk
Spotify reported Q3 results with a 10% YoY growth in premium revenue and a 26% increase in total MAUs. This has led to a rise in the company's share prices.
October 24, 2023 | 2:31 pm
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Spotify's Q3 results showing a 10% YoY growth in premium revenue and a 26% increase in total MAUs have led to a rise in its share prices.
Spotify's Q3 results exceeded expectations with significant growth in premium revenue and total MAUs. This positive financial performance is likely to boost investor confidence, leading to a rise in the company's share prices in the short term.
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