Spotify technology sa reports q3 earnings per share eur 0.36

Spotify technology s.a. announces financial results for third quarter 2019.sees q4 2019 revenue eur 1.74 billion to eur 1.94 billion.q3 revenue eur 1.731 billion versus refinitiv ibes estimate of eur 1.72 billion.barry mccarthy will retire from spotify on january 15, 2020, stepping down as company's cfo.barry will be replaced by paul vogel, who is currently spotify's vp of fp&a,.pending shareholder approval, it is expected that barry mccarthy will be re-appointed to spotify board of directors.for premium business, average revenue per user ("arpu") of eur 4.67 in q3 was down 1% y/y.finished q3 with 113 million premium subscribers globally, up 31% y/y.total maus grew 30% y-o-y to 248 million in quarter, outperforming high end of co's guidance.for ad-supported business, revenue growth of 20% y/y underperformed our expectations in q3.sees q4 2019 total maus of 255 million to 270 million.finished q3 with 113 million premium subscribers globally, up 31% yoy.sees q4 2019 total premium subscribers of 120 million to 125 million.sees q4 2019 total revenue of eur 1.74 billion to eur 1.94 billion.qtrly earnings per share eur 0.36.q4 revenue view eur 1.89 billion -- refinitiv ibes data.qtrly churn improved 19 bps y/y and 7 bps sequentially..
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