Spotify (SPOT) earnings Q3 2022

Spotify shares fell about 7% extended trading Tuesday after reporting a third-quarter loss that was wider than analyst expectations.

Here’s how the company did:

• Loss per share: 99 euro cents vs. an estimated loss of 85 euro cents per share as expected by analysts, according to Refinitiv
• Revenue: 3.04 billion euros vs. 3.02 billion expected by analysts, according to Refinitiv

Spotify reported 456 million monthly active users for the quarter, up 20% year over year, and 195 million paid subscribers, up 13% from a year ago.

In its second-quarter report, Spotify had said it expected to add approximately 17 million new monthly active users in the period,…