Revenue was slightly better than expected excluding the impact of FX. Headwinds included negative effects from FX movements which slowed revenue growth by 500 bps on a constant currency basis. Highlights included strong MAU and subscriber growth, a recovery in global consumption hours, record low churn below 4%, better than expected Gross Margin, and Free Cash Flow of €103 million. The business performed at a high level in Q3. (NYSE:SPOT) today reported financial results for the third fiscal quarter of 2020 ending September 30, 2020. NEW YORK-( BUSINESS WIRE)-Spotify Technology S.A.
