In this video, I will be talking about Spotify (NYSE: SPOT) and why I think it should be back on investors' radar. The company has reported good earnings and has been making some good moves that will further strengthen its position as the leader in all things audio. You can find the video below, but here are some highlights. What you missed In Q3, total monthly average users grew 19% year over year (YOY) to 381 million, up from 365 million last quarter and near the top end of the company's guidance range. Revenue came in at 2.5 billion euros, growing 27% YOY. Premium revenue grew 22% YOY to 2.17 billion euros, while ad-supported revenue was particularly strong, growing 75% YOY to 323 million euros. Gross margin for the quarter improved by 200 basis points to 26.7%, and free cash flow was 99 million euros this quarter, an increase of 4 million euros YOY but 65 million euros quarter over quarter. According to Appfigures, Spotify was the 10th-most-downloaded app in the world in October on iOS and Android combined with 20 million downloads. Spotify and Shopify partnered up to turn every artist's profile into a virtual merch table where they will be able to sell merch and tickets to private virtual events, receive tips, and more. Spotify is going to acquire audiobook platform Findaway in pursuit of its ambition to become the world's leading audio platform. The audiobook industry is expected to grow from $3.3 billion to $15 billion by 2027. For the full insights, do watch the video below, and consider subscribing. *Stock prices used were the closing prices of Nov. 17, 2021. The video was published on Nov. 19, 2021. 10 stocks we like better than Spotify TechnologyWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Spotify Technology wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 10, 2021 Neil Rozenbaum owns shares of Shopify. The Motley Fool owns shares of and recommends Shopify and Spotify Technology. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Source