Spotify released the results of his third fiscal quarter. The broadcasting service continued to grow steadily to reach 87 million premium subscribers which means an increase of by 40% in the same quarter of the previous year. The platform has 191 million registered, or 28% more than in 2017.

The numbers are so positive that the company expects to reach 93 millions of premium users in the coming months. quarter a number that does not seem too complicated to achieve if the rhythm is maintained. The monthly active users would be between 199-206 million. Spotify points out in its statement that "growth continues to be healthy", including in projects for families and students.

. Subscribers continue to be positive, revenue figures are less optimistic. Despite their recent investment in the Chinese company Tencent Music, they are expected to record losses in the fourth quarter. In addition, the growth rate could decrease . The combination of these factors has resulted in a 10% fall in the value of Spotify stock over the past few hours.

To be more precise, the revenues for the third quarter were of $ 1.54 billion . , up 31% from the same quarter of the previous year. Advertising revenue increased 28% to $ 162 million. According to Spotify, a lot of revenue comes from premium subscribers. The average revenue per user is € 4.73, slightly lower than the previous 4.89. The operating loss reached $ 6.8 million, or 92% less.

What is the next step for Spotify? Daniel Ek (CEO) and Barry McCarthy (CFO) mentioned that non-musical content will be of great importance in the future of society. They are currently working on marketing podcasts. Regarding the supposed interest of buying from Universal Music Group, the directors stated that they could not make any comment on the negotiations at the moment.