Spotify Stock Drops After Earnings. What Higher Prices Did to Growth.

1. Spotify's Q3 net income hit €899 million, exceeding expectations. 2. Monthly active users rose by 11% to 713 million, surpassing forecasts. 3. Premium subscribers grew 12%, aligning with company expectations. 4. Forecasted users by year-end: 745 million, premium subscribers: 289 million. 5. Despite strong performance, stock down 3.5% as investors take profits.