| --- | --- | |------------------------|--------------| | | 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 ...

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 ...

Investment Rating - The report assigns a "Buy" rating to Spotify with an initial target price of US$378.52, compared to the current share price of US$296.78 [23][24]. Core Insights - Spotify is positioned as the leading audio and podcast streaming service globally, utilizing a freemium business model that combines free and paid services. This model allows users to access basic services for free while offering premium features through subscriptions. The audio streaming industry is mature in regions like the US and Europe, but there remains significant growth potential in developing countries such as India [6][24]. - The report highlights Spotify's market share growth in India, increasing from 10% in 2020 to 26% in 2023, surpassing competitors like JioSaavn and Apple Music. This growth is attributed to Spotify's reputation, technological expertise, and focus on local and Hindi music, appealing to the 15-30 age demographic [21][24][116]. - Spotify's revenue from podcasts has shown substantial growth, increasing from €2.95 billion in 2016 to €16.81 billion in 2023, with a compound annual growth rate (CAGR) of 28.2%. The share of podcast revenue in total revenue has also risen from 10% to 12.7% during the same period [24][123]. Summary by Sections Investment Overview - The report emphasizes Spotify's potential for growth and profitability, projecting earnings per share (EPS) of €3.903, €6.439, and €9.487 for 2024, 2025, and 2026 respectively, with a forecasted transition to profitability starting in 2024 [24][46]. Financial Performance - Spotify's total revenue is expected to grow from €13.247 billion in 2023 to €15.746 billion in 2024, with a net profit forecast of €777 million in 2024, marking a significant turnaround from previous losses [15][24]. Market Expansion - The report discusses Spotify's strategic expansion into the Indian market, leveraging its experience from entering similar markets like Brazil. The focus on local content and partnerships with telecom providers has been crucial for gaining market share [29][106][110]. Competitive Positioning - Spotify's leadership, particularly by co-founders Daniel Ek and Martin Lorentzon, has been instrumental in shaping the company's competitive edge and market strategy. Their focus on innovation and understanding of consumer digital experiences has positioned Spotify favorably in the streaming landscape [119][120].

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Spotify currently has an average brokerage recommendation (ABR) of 1.67, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 26 brokerage firms. An ABR of 1. ...

Growth stocks with wide moats and strong financials can compound investor returns with time. If you're on the hunt for great companies to buy and have $1,000 to invest, here are two names to consider for your portfolio. Vertex Pharmaceuticals (VRTX -0.31%) is a top healthcare stock that has seen renewed investor interest of late, with shares trading up by approximately 35% over the trailing 12 months. The company has long been known for its multibillion-dollar cystic fibrosis drug franchise, and commands th ...

Spotify is raising prices again, and if customers don't push back it will be a great sign for the company. Spotify's (SPOT -0.72%) service is now more expensive than competitors', a sign that it's leaning into being the power player in music. If investors don't push back it could lead to margin improvements and better stock performance, which Travis Hoium covers in this video. *Stock prices used were end-of-day prices of June 25, 2024. The video was published on June 26, 2024. ...