Spotify technology s.a. announces financial results for third quarter 2020

New york--(business wire)--spotify technology s.a. (nyse:spot) today reported financial results for the third fiscal quarter of 2020 ending september 30, 2020. dear shareholders, the business performed at a high level in q3. highlights included strong mau and subscriber growth, a recovery in global consumption hours, record low churn below 4%, better than expected gross margin, and free cash flow of €103 million. headwinds included negative effects from fx movements which slowed revenue growth
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