LUXEMBOURG (AP) — LUXEMBOURG (AP) — Spotify Technology SA (SPOT) on Tuesday reported third-quarter net income of $1.05 billion.
The Luxembourg-based company said it had profit of $3.83 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.
The music-streaming service operator posted revenue of $4.99 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $4.92 billion.
Spotify expects full-year revenue of $5.26 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPOT at https://www.zacks.com/ap/SPOT
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