LUXEMBOURG (AP) — LUXEMBOURG (AP) — Spotify Technology SA (SPOT) on Tuesday reported third-quarter earnings of $329.7 million.
On a per-share basis, the Luxembourg-based company said it had net income of $1.59.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.
The music-streaming service operator posted revenue of $4.38 billion in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $4.37 billion.
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