The company opted to maintain its outlook for MAUs and premium subscribers by the end of 2021 to 400-407 million and 177-181 million, respectively. Spotify Promotes Sulinna Ong to Global Head of Editorial The company said it experienced double digit y/y growth in active users in “all regions,” including “above-plan growth” in markets like the Philippines and Indonesia and momentum in India, South Korea, Bangladesh and Pakistan. Both of those metrics landed in the mid-range or high-end of guidance, with premium growth aided by new promotional partnerships with several global phone carriers in Q3. Spotify’s user totals saw a net increase of 7 million paid users and 16 million MAUs compared to the second quarter. Ad-supported revenue had another solid quarter, compared to the pandemic lows of last year, increasing 75% y/y (and 7% q/q) to 323 euros ($374 million). Most of Q3 revenue came from subscriber income, which grew 22% y/y to 2.178 billion euros ($2.53 billion), which was at the top of the company’s earlier guidance. Total revenue in the third quarter was 2.5 billion euros ($2.90 billion in current dollars), up 27% on the same period the previous year and a 7% rise on Q2’s 2.33 billion euros ($2.75 billion) tally. Spotify grew its customer base to 172 million paid subscribers and 381 million total monthly active users (MAUs) in the three months ending Sept.

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