Todd Spangler NY Digital EditorSpotify posted double-digit gains for overall monthly users and paid subscribers for the third quarter of 2021, in line with expectations, while its advertising revenue — fueled by its growing podcast slate — outperformed with with a 75% year-over-year increase.The company’s total monthly active users grew 19% year over year, to 381 million in Q3 (up from 365 million).
Spotify Premium subscribers also climbed 19% to 172 million in the quarter, at the midpoint of the guidance range.Click here to sign up for Variety’s free Media Earnings newsletter.“We had a very strong quarter,” Spotify CEO and founder Daniel Ek said in prepared remarks.
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