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# ‘Fasten your seat belts,’ as Spotify sets Q3 earnings report
- URL: https://www.hypebot.com/fasten-your-seat-belts-as-spotify-sets-q3-earnings-report/
- Published: 2023-10-23T12:52:00.000Z
- Updated: 2023-10-24T13:54:37.000Z
- Description: Spotify will report Q3 earnings before the market opens Tuesday, and a top analyst is expecting increased volatility following what they expect will be a mixed report. Although Spotify’s revenue. Continue reading [https://www.hypebot.com/hypebot/2023/10/fasten-your-seat-belts-as-spotify-sets-q3-earn
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, music, music industry, musician, musicians, Spotify, #wp, #wp-post, #Import 2026-01-21 09:44

Spotify will report Q3 earnings before the market opens Tuesday, and a top analyst is expecting increased volatility following what they expect will be a mixed report.  

Although Spotify’s revenue is projected to grow 16% last quarter, it remains an unprofitable company and is expected to report a loss of 20 cents per share tomorrow on revenue of $3.5 billion.

“Recent earnings revisions and the company’s poor track record of beating earnings estimates do not paint a pretty picture of SPOT’s short-term market performance,” [writes](https://seekingalpha.com/article/4642577-spotify-q3-earnings-preview-increased-volatility?ref=hypebot.com) **SeekingAlpha analyst Dilantha De Silva**. “Key developments to watch in the upcoming earnings release include a discussion on the competitive landscape, ad revenue growth, and the monetization of Spotify’s podcast business.”

“Spotify has a poor track record of beating earnings estimates, revisions have been strongly negative in the last three months, and the company is undergoing a transformation to focus on new streams of revenue,” continued **De Silva**. All these, in my opinion, are ingredients for heightened volatility following the upcoming earnings report.

### Tomorrow’s Spotify Q3 Report

Hypebot will have full coverage as Spotify Technology S.A. (NYSE: SPOT) posts its third-quarter 2023 financial results on Tuesday, October 24, 2023, before the market opens.

The company will hold a question and answer session to discuss third quarter 2023 financial results at 8:00 a.m. Eastern Time. Management will answer questions submitted via Slido.

Questions may be submitted on the day of the call at [www.slido.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.slido.com&esheet=53559646&newsitemid=20230925175348&lan=en-US&anchor=www.slido.com&index=1&md5=37206b91d78106cf6b08d1f7b34a2963&ref=hypebot.com) using the event code #SpotifyEarningsQ323\. A live webcast of the earnings call will be accessible at investors.spotify.com and a recording of the webcast will be available following the session.

**Bruce Houghton* is the Founder and Editor of [Hypebot](https://www.hypebot.com/), a Senior Advisor at [Bandsintown](https://www.bandsintown.com/?ref=hypebot.com), President of the[ Skyline Artists Agency](https://skylineonline.com/?ref=hypebot.com), and a [Berklee College Of Music](https://online.berklee.edu/courses/touring-101?ref=hypebot.com) professor.*