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# Spotify stock up 8.3% on strong Q3 report [NYSE: SPOT]
- URL: https://www.hypebot.com/spotify-stock-up-8-3-on-strong-q3-report-nyse-spot/
- Published: 2021-10-28T12:46:00.000Z
- Updated: 2021-10-28T12:51:03.000Z
- Description: Spotify stock jumped $20.93 to close up 8.3% to $273.13 on Wednesday after Spotify reported strong Q3 2021 earnings and growth. Yesterday, Spotify reported 19% year-on-year paid subscriber growth to 172. Continue reading [https://www.hypebot.com/hypebot/2021/10/spotify-stock-up-8-3-on-strong-q3-repo
- Author: Bruce Houghton
- Tags: Music Tech, Streaming, NYSE: SPOT, NYSE. Spotify, #wp, #wp-post, #Import 2026-01-21 09:48

Spotify stock jumped $20.93 to close up 8.3% to $273.13 on Wednesday after Spotify reported strong Q3 2021 earnings and growth.

Yesterday, Spotify reported 19% year-on-year paid subscriber growth to 172 million. Total monthly average users grew 19% Y/Y to 381 million.

Overall revenue also grew 27% Y/Y to $2903 million including impressive growth in advertising up75% Y/Y to $374.5 million.

Podcasts continued to be a growth driver with their share of overall consumption hours reaching an all-time high during the quarter. Sptofify now claims to have passed Apple in use podcast listening.

#### **MORE: [Spotify has 381M monthly users as subscribers grow 19% in strong Q3 2021](https://www.hypebot.com/spotify-passes-381m-monthly-users-as-subscribers-grow-19/)**

**Bruce Houghton* is Founder and Editor of [Hypebot](https://www.hypebot.com/) and [MusicThinkTank](http://www.musicthinktank.com/?ref=hypebot.com) and serves as a Senior Advisor to [Bandsintown](https://www.bandsintown.com/?ref=hypebot.com) which acquired both publications in 2019\. He is the Founder and President of the[ Skyline Artists Agency](https://skylineonline.com/?ref=hypebot.com) and a professor for the [Berklee College Of Music](https://online.berklee.edu/courses/touring-101?ref=hypebot.com).*