Spotify has reported its Q3/22 earnings. It has 456m monthly active users (up 20% y-on-y). Ad revenue, led by podcasting, is up 19% y-on-y and 7% q-on-q, at €385m (12.8% of the company’s total revenue). The company lost €228m in the quarter; they predict a loss of €300m in Q4 (but suggest they may also raise their prices, following Apple’s price hike).