Ahead of this earnings release, the estimate revisions trend for Spotify: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. While Spotify has outperformed the market so far this year, the question that ...

Monthly active users rose 14% to 626 million and expanded across all regions, although a bit below Wall Street's guidance. But subscribers jumped 12% to 246 million, beating estimates and driving a 20% just in revenue to 3.8 billion euros driven by the subscriber gains and increases in ARPU (average revenue per user). Spotify reported a profit of €274 million (about $298 million) driven in part by higher sales and lower marketing but also by "efficiency actions" last year meaning layoffs and restructuring. ...

| --- | --- | |------------------------|--------------| | | Exhibit 99.1 | | Spotify Q2 2024 Update | | | July 23rd, 2024 | | | --- | --- | --- | |--------------------|----------------------|-------| | | Executive Summary | p.03 | | | Key Highlights | p.04 | | | Financial Summary | p.06 | | Table of Contents | MAUs & Subscribers | p.13 | | | Product & Platform | p.16 | | | Outlook | p.20 | | Spotify | Financial Statements | p.23 | Executive Summary | --- | --- | --- | --- | --- | --- | --- | |-------------- ...

Two estimates for the to-be-reported quarter moved south over the past 30 days versus no northward revisions. Over the same period, the Zacks Consensus Estimate for 2024 earnings has decreased 1.8%. Our proven model doesn't conclusively predict an earnings beat for Spotify this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that's not the case here. You can uncover the best stocks to buy or sell before ...

Spotify (SPOT) has been on a downward spiral lately with significant selling pressure. After declining 7.6% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillat ...

SPOT's Value Proposition In Audio Streaming The platform has been highly successful in its business mission indeed - in which to "unlock the potential of human creativity - by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by it." SPOT has walked the talk as well, with it already paying a record high of $9B in royalties to music industry participants in 2023, amounting $48B in overall payouts since 2006. With $4.5B of roy ...

Spotify (NYSE:SPOT) is today the winner of the music streaming segment. Even with a number of relevant competitors trying to succeed, so far, the most successful is Spotify, due to its creation of a more user-focused platform, with personalization and the like. Showing good progress in recent quarters, Spotify's fundamentals are becoming clearer, making it possible to project results where a return for the shareholder is already attractive. But even with some moats and being the leader at the moment, this " ...

About this content Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The Canberra Times, an ...

At the same time, the small-cap Russell 2000 has soared as Wall Street prices in the start of Fed rate cuts in September. Increased market breadth is a positive sign for investors. Zacks Rank #1 (Strong Buy) stocks outperform the market in both good and bad times. However, there are over 200 stocks that earn a Zacks Rank #1 at any given time. Clearly, there are only three items on this screen. But together, these three filters can result in some impressive returns. • % Change (Q1) Est. over 4 Weeks greater ...

As Spotify (NYSE:SPOT) prepares to release its Q2 2024 results on July 23rd before the market opens, several indicators point to a strong performance that should exceed analyst consensus expectations on both topline and operating income. Spotify's strategic initiatives are a crucial factor in its positive outlook for Q2. As another positive catalyst, I highlight that in the 1H of 2024, Spotify has been proactive in enhancing monetization and expanding its service offerings. This includes the introduction of ...