Spotify Technology S.A. (NYSE:SPOT) Q1 2024 Earnings Conference Call April 23, 2024 8:00 AM ET Company Participants Bryan Goldberg - Head of IR Daniel Ek - Founder, CEO and Chairman Ben Kung - Interim CFO and VP of Financial Planning and Analysis Operator Thank you for standing by. My name is Krista and I'll be your conference operator today. At this time, I would like to welcome everyone to the Spotify First Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Despite its success in the online music market, the company has never posted a full-year net profit and only occasionally quarterly profits. Music and podcast streaming giant Spotify reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter. The c ...

Daniel Ek, CEO of Swedish music streaming service Spotify, gestures as he makes a speech at a press conference in Tokyo on September 29, 2016.Spotify reported first quarter earnings on Tuesday, notching record quarterly profit and beating estimates on the top and bottom lines, after a year of deep cost-cutting and streamlining.Here's how the company did, compared with analyst expectations:Earnings per share: 97 cents vs. 65 cents expected by LSEG analystsRevenue: $3.64 billion vs. $3.61 billion expected by ...

Spotify (SPOT) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to loss of $1.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this music-streaming service operator would post a loss of $0.08 per share when it actually produced a loss of $0.39, delivering a surprise of -387.50%.Over the last four quarters, t ...

Will Spotify's growth tear continue?Spotify (SPOT -0.53%) reports earnings before the market opens on Tuesday and results could have a huge impact on shares. After strong momentum in 2023, Travis Hoium covers what to look for in 2024 in the video below.*Stock prices used were end-of-day prices of April 22, 2024. The video was published on April 22, 2024. ...

ToplineTaylor Swift’s new album, “The Tortured Poets Department,” became Spotify's most-streamed album in a single day Friday, breaking the same record previously held by Swift’s 2022 album, “Midnights.”The album was released Friday. (Photo by Ashok Kumar/TAS24/Getty Images for TAS Rights Management)Getty Images for TAS Rights Management Key Facts“The Tortured Poets Department” was released Friday and became Spotify’s most-streamed album in a single day by exceeding 200 million streams, Variety reported. “ ...

Spotify Technology S.A. (SPOT) will report first-quarter 2024 results on Apr 23, before the bell.The company’s earnings surprise history has not been impressive. Earnings lagged the Zacks Consensus Estimate in three of the four trailing quarters and surpassed once, the average negative surprise being 62.5%.Q1 ExpectationsThe Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $3.88 billion, indicating year-over-year growth of 18.9%. The growth of subscribers, monthly active user ...

In its upcoming report, Spotify (SPOT) is predicted by Wall Street analysts to post quarterly earnings of $0.66 per share, reflecting an increase of 153.2% compared to the same period last year. Revenues are forecasted to be $3.88 billion, representing a year-over-year increase of 18.9%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.B ...

In the latest trading session, Spotify (SPOT) closed at $293.58, marking a -1.51% move from the previous day. This change lagged the S&P 500's daily loss of 0.58%. On the other hand, the Dow registered a loss of 0.12%, and the technology-centric Nasdaq decreased by 1.15%.Shares of the music-streaming service operator witnessed a gain of 17.93% over the previous month, beating the performance of the Business Services sector with its loss of 4.36% and the S&P 500's loss of 1.09%.Investors will be eagerly watc ...

ToplineAhead of the release of “The Tortured Poets Department” this Friday, many of Taylor Swift’s promotional efforts have been backed by social media companies and streaming services looking to gain the attention of Swifties, as her dedicated fans decode clues to her new album.Swift's new album, "The Tortured Poets Department," releases Friday. (Photo by Ashok ... [+] Kumar/TAS24/Getty Images for TAS Rights Management)Getty Images for TAS Rights Management Key FactsApple Music changed its bio on X, former ...