Spotify's third-quarter revenue of 3.036 billion euros increased 21% year-on-year

Swedish streaming music service provider Spotify today released the company’s third quarter 2022 financial report.

According to the financial report, Spotify's third-quarter revenue was 3.036 billion euros, exceeding their own forecast of 3.000 billion euros. There is also an increase of 21% from 2.501 billion euros in the same period last year, and a 6% increase from previous quarter's 2.864 billion euros.

Net loss attributable to shareholders of the parent company was 166 million euros, compared with a net profit of 2 million euros attributable to shareholders of the parent company in the same period last year.

The diluted loss per share attributable to shareholders of the parent company was 0.99 euros, compared to Diluted loss per share attributable to shareholders of the parent company in the same period last year was 0.41 euros.

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