Spotify
financial summary revenue profitability free cash flow liquidity of million grew in or constant currency reflecting premium growth of or constant currency led by subscriber gains supported growth of or constant currency led by and currency translation benefits of approximately less than forecast gross margin was in down reflecting operating loss of million reflected the above and operating expense growth of or constant currency reflecting higher personnel costs primarily due to growth and higher advertising costs currency movements had a negative impact on expense growth or million given the was million in capital expenditures decreased million to million in the term investments our quarter over quarter position was also impacted by the impact on dollar | Spotify
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January 2023
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8 of 35
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