Spotify Tops 226 Million Premium Subscribers, Posts Rare Profit on User Growth and Price Hikes

Spotify Premium subscribers rose to 226 million, a 3% increase quarterly and 16% yearly, slightly above forecast
Monthly active users grew to 574 million, up 4% quarterly and 26% yearly, second largest Q3 increase ever
Price increases rolled out in US and other markets, first hike in US in over a decade
Posted €65M profit versus €166M loss last year, operating income €32M versus €228M operating loss
No details on long-promised lossless streaming, may be part of new $19.99 “Supremium” tier with other features