Spotify Technology SA (SPOT) has released an update.
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Spotify Technology SA reported a robust Q3 2024 performance with total revenue reaching €3.988 billion, marking a 19% year-over-year growth. The company achieved record profitability, with operating income surging to €454 million and a gross margin of 31.1%. Despite currency challenges, Spotify’s strategic expansions and strong user growth, including a 12% increase in premium subscribers, have positioned it for sustained long-term success.
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