At the start of this week, its share price fell to of $139/share. Spotify has announced revenue of €1.35bn ($ 1.53bn ) for Ad Studio , against analysts' average estimates of € 1.53bn . Company revenue has risen by 28% 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 Spotify 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 monthly .
Spotify has announced revenue of €1.35bn ($ 1.53bn ) for Ad Studio , against analysts' average estimates of € 1.53bn . Company revenue has risen by 28% 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 Spotify 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 monthly .