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Q3 earnings call reports, 20% year-over-year per user base for podcast consumption
Oct 28, 2021 04:25:00 PM | Article | Campaign India Team Share -
The Q3 earnings call for Spotify took place on 27 October. The revenue announcement reported growth in MAU (Monthly Active Users), revenue, gross margin and podcast listenership.
The total MAU's for India grew 19% year-over-year to 381 million in Q3, up from 365 million last quarter. As for advertising, the revenue growth declared was 75% year over year up to €323 million in earnings filed.
Highlights of Spotify's Q3 report:
Daniel Ek, CEO and founder, Spotify, said, “We had a very strong quarter. The business is doing well and I’m pleased that we continue to deliver across the areas that are fundamental to our growth and long term strategy. Audio is our right to win. While we have been relentless in our pursuit of being the world’s largest audio platform, it’s still early days and we are just getting started.”