Spotify has reported revenue of € ##100 ( $ 1.53bn ) for Q3 2018 , against analysts ' average estimates of € ##100 . Company revenue has risen by 31 % year - on - year , driven by a 28 % rise in monthly active users . Despite the growth , the music streaming platform 's stock continues to struggle amid worries the company will be unable to sustain its growth over the long - term . The company has already warned that its partnership with Google to offer its Home Phone Smart Speaker as part of a festive season package for family plan customers is expected to negatively affect margins in early 2018 .
Spotify has announced revenue of €1.35bn ($1.53bn) for Q3 2018, against analysts' average estimates of €1.33bn. Company revenue has risen by 31% year-on-year, driven by a 28% rise in monthly active users. Despite the growth, the music streaming platform's stock continues to struggle amid worries the company will be unable to sustain its growth over the long-term. The company has already warned that its partnership with Google to offer its Home Mini Smart Speaker as part of a festive season promotion for family plan customers is expected to negatively affect margins in Q4 2018.