SONG - Akazoo (SONG): Music To Our Ears

Q3 better than expected. Revenues increased 24.4% to €34.9 million versus our €34.3million estimates. An adjusted EBITDA of €2.95 million was better than our €2.63 millionestimates.Subscriber growth, better than expected. Premium subscribers of 5.5 million, up 28% yearover year, we're better than our 5.3 million estimates, with solid growth in Eastern Europe andsome Latin countries. Last quarter, Asian countries drove results, which illustrates thecompany's dynamic and diversified country growth opportunities.Read More >>