Spotify Set to Report Q3 Earnings: Here's What Investors Should Know

Core Insights - Spotify Technology S.A. (SPOT) is set to release its third-quarter 2025 results on November 4, before market open [1][9] - The company has a strong track record of earnings surprises, with an average surprise of 125.1% over the last four quarters [1] Financial Expectations - The Zacks Consensus Estimate for Spotify's revenue is $4.9 billion, reflecting a 12.3% increase from the same quarter last year [2][9] - The anticipated growth is primarily driven by an increase in premium subscribers, expected to reach 281.2 million, which indicates a 7% year-over-year rise [2] - The earnings per share (EPS) consensus estimate is $1.87, suggesting a year-over-year growth of 17.6% [3][9] Growth Drivers - Key factors contributing to subscriber growth include the expansion of audiobooks into new markets and the launch of the Audiobooks+ add-on for premium users [3] - The ad-supported segment is also expected to have positively impacted revenue through automated sales [3] Earnings Prediction Model - Current models do not predict a definitive earnings beat for Spotify, as it holds an Earnings ESP of +12.30% and a Zacks Rank of 4 (Sell) [4]