"Monthly active users (MAU) -- 713 million, up by 17 million sequentially, surpassing guidance by 3 million. Premium subscribers -- 281 million, increasing by 5 million for a 12% year-over-year growth, in line with management's outlook. Total revenue -- EUR 4.3 billion, marking a 12% year-over-year constant currency increase. Premium revenue -- Rose 13% year-over-year in constant currency, primarily from subscriber growth."
"Operating income -- EUR 582 million, beating guidance by EUR 97 million, with EUR 41 million attributable to positive social charges linked to share price movements. Free cash flow -- EUR 806 million for the period, with EUR 9.1 billion in cash and short-term investments at quarter-end. Share repurchases -- $77 million in Q3 and a total of $410 million year-to-date through November 3, with repurchases aimed at offsetting dilution from employee equity programs."
Monthly active users reached 713 million, a sequential increase of 17 million and 3 million above guidance. Premium subscribers totaled 281 million, up 5 million year-over-year for 12% growth. Total revenue was EUR 4.3 billion, a 12% year-over-year constant currency increase. Premium revenue rose 13% year-over-year in constant currency, driven mainly by subscriber growth. Advertising revenue was flat on a currency-neutral basis, with mid-single-digit underlying growth excluding one-time effects. Gross margin expanded to 31.6%, and operating income was EUR 582 million. Free cash flow totaled EUR 806 million. Cash and short-term investments were EUR 9.1 billion. Share repurchases totaled $77 million in the quarter, $410 million year-to-date. Guidance for the next quarter projects 745 million MAUs and 289 million subscribers with 8 million net additions expected.
Read at The Motley Fool
Unable to calculate read time
Collection
[
|
...
]