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Spotify Tops Q3 Forecasts, Reaches 252 Million Premium Subscribers as Revenue Climbs 19%
Spotify cranked up the volume with another strong quarter, packing on 6 million paying subscribers globally in Q3 2024.
The audio streaming giant met or exceeded its previous Q3 forecasts on financial and subscriber metrics. The company had forecast total revenue of €4.0 billion, operating income of €405 million and gross margin of 30.2%. In September, Sahar Elhabashi, head of Spotify’s podcast business, announced she will exit the post at the end of 2024 after six years at the company.
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