Spotify (SPOT) added more subscribers than expected in the third quarter, sending shares higher after the ജbellඣ Tuesday.

澳洲幸运5官方开奖结果体彩网:Monthly active users climbed 11% year-over-year to 640 million, and premium subscriptions came in at 252 million, compared to expectations of 251.1 million. Looking ahead, Spotify guided for 665 million MAUs and 260 million premium subscribers in the fourth quarter, slightly ahead of the analyst consensus.

The Swedish audio stre🍌aming giant saw third-quarter revenue grow 19% year-over-year to 3.99 billion euros ($4.24 billion), slightly below the analyst consensus from Visible Alpha. Operating income of 454 million euros compared to 32 million euros a year earlier and topped expectations. 

Spotify's Results Come After Price Increases

The results come after Spotify 澳洲幸运5官方开奖结果体彩网:raised the price for individual Premium subscriptions to $11.99 per mon𒁏th from $10.99 in July. The Duo plaꦡn increased to $16.99 from $14.99, while the Family plan jumped to $19.99 from $16.99.

Shares of Spotify surged over 8% in extended trading Tuesday. They've more than doubled in value since the start of 2024.