Spotify Q3 Profit Falls to EUR518 Million as EPS Drops to EUR2.48

Spotify Technology S.A. (SPOT) reported third-quarter earnings of EUR518 million, or EUR2.48 per share, down from EUR899 million, or EUR3.28 per share, in the same period last year. Revenue for the quarter rose 16.3% to EUR4.969 billion from EUR4.272 billion a year earlier. The company guided next-quarter revenue to EUR5.2 billion. All figures are GAAP.