Spotify Active Users Rose to 465 Million in Q3 2022, Says Profit Margins Squeezed by Slow Advertising Growth

Spotify on Tuesday reported that profit margins were lower than expected, as the streaming service blamed "some softness in advertising," currency fluctuations and retroactive royalty payments to songwriters and music publishers. Premium subscribers, who account for most of the company's revenue, grew 13 percent to 195 million, while the number of monthly active users...