Spotify cranked up the volume with another strong quarter, packing on 6 million paying subscribers globally in Q3 and issuing an upbeat forecast for the year-end quarter. Spotify gained 14 million total monthly active users (free and paid) to stand at 640 million at the end of Q3. Premium subs stood at 252 million, with growth in the quarter across all regions and “outperformance” led by Europe and Latin America, the company said.
Source: Spotify Tops Q3 Forecasts, Reaches 252 Million Premium Subscribers as Revenue Climbs 19%