Spotify Technology (SPOT) reported Q3 diluted earnings late Tuesday of 1.45 euro ($1.54) per share, up from 0.33 euro a year earlier.
Analysts polled by Capital IQ expected earnings of 1.67 euros per share.
Revenue for the quarter ended Sept. 30 was 3.99 billion euros, up from 3.36 billion euros a year earlier.
Analysts surveyed by Capital IQ expected 4.03 billion euros.
Spotify said it had 640 million total monthly active users in Q3, up 11% year over year.
The company said it expects Q4 revenue of 4.1 billion euros. Analysts polled by Capital IQ expect 4.26 billion euro.
Shares of the company were up more than 7% in recent after-hours activity.