— Active accounts grew 36% year-over-year to 32.3 million while streaming hours increased 68% to 10.3 billion. The average revenue per user (ARPU) increased by 30% to $22.58.
— Looking ahead into the fourth quarter, the company expects revenues in the range of $380 million to $396 million and net loss in the range of $22 million to $17 million. The consensus revenue estimates are $386.57 million.
— Gross profit is predicted to be $156 million to $161 million and adjusted EBITDA is projected to be $7 million to $12 million for the fourth quarter.
— For the full year 2019, the company lifted its revenue outlook to the range of $1.098 billion to $1.113 billion from the previous range of $1.07 billion to $1.09 billion.
— Net loss guidance for the full year is narrowed to the range of $66 million to $61 million from the previous range of $71 million to $61 million.
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