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Spotify Q3 hits forecasts, but Covid-19 uncertainty mutes guidance

Wednesday 27 October 2021 | 14:00 CET | News
Spotify reported a third quarter at the top end of expectations, helped by lower churn, strong advertising and increased user engagement. The company had earlier warned for possible fluctuations as a result of the covid-19 pandemic but did not mention any specific effects for this quarter. It did however still see "substantial uncertainty" going forward and kept its muted outlook for the fourth quarter, though lifting the bottom end of its revenue forecast.  

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Categories: Internet
Companies: Spotify
Countries: World
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Related Info

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7 Oct | United Kingdom | News
Spotify relaunches premium promotion for South Africans
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Spotify to start new USD 1 billion share buyback programme
20 Aug | World | News
MTS, Spotify launch joint promo
12 Aug | Russian Federation | News
LG Uplus to offer free access to Spotify platform for mobile subscribers
10 Aug | Korea, Republic of | News
Spotify tests low-cost subscription with ads
3 Aug | World | News
Spotify warns of continued Covid impact as Q2 customer growth misses guidance
28 Jul | World | News
Spotify adds 4 million paid subscribers in better-than-expected Q1
28 Apr | World | News
Spotify adds 10 million paid subscribers in Q4
3 Feb | World | News
Spotify tops guidance as customer base reaches 320 million in Q3
29 Oct 2020 | World | News
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