Spotify Reports Third Quarter 2018 Earnings

The Spotify published the third quarter 2018 company results. The amount of monthly active users is 191 million, it is on 28% more nether previous year. The subscriber amount is also raised up on 40% and comprised over 87 million. With the 10 billion Euro revenues paid to the right holders, Spotify announces share buy-back scheme. Which means it will seek to buy back up to ten million of its own shares. The announcement follows a further dip in the streaming firm’s share price last week following its latest quarterly report to investors.