Spotify has reported revenue of € ##100 ( $ 1.53bn ) for Q3 2018 , against analysts ' average estimates of € ##100 . The free users and the ad model that supports them, in any case, remain a relatively untapped part of Spotify’s business: the company said that premium revenue accounted for €1,210 million in Q3, up 31 percent on a year ago. 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 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 .