Spotify‘s losses narrowed and sales rose with user and subscribers additions beating expectations in a strong fourth quarter. The company has shed staff and others costs and sees “revenue and profitability trends both inflecting favorably heading into 2024.” The stock is up more than 6% in pre-market trading on the numbers. Monthly active users exceeded guidance, growing 23% year-on-year to 602 million, adding 28 million new users. Premium subscribers rose 15% year-on-year to 236 million, adding 10 million ...

Spotify Technology SA (NYSE:SPOT) shares rallied around 3.5% to €213 after its operating loss for the fourth quarter was narrower than the company’s guidance had initially forecast. Operating losses reached €75 million for the last three months of 2023, building on 2022’s €231 million loss. A one-off €143 million hit during the quarter was due to “real estate optimisation” and severance pay for some of the 2,300 jobs it axed during the year. Spotify said without this charge adjusted operating income would h ...

Spotify Technology SA edged past Wall Street estimates Tuesday with its user growth for the latest quarter, helping to send its stock higher in premarket action. The music-streaming company had 602 million monthly active users in the fourth quarter, up 5% on a sequential basis and ahead of the 601 million expected by analysts tracked by FactSet. Spotify SPOT, +0.35% reported 236 million premium subscribers, up 4% from the third quarter and above the 235 million that analysts were modeling. Spotify call ...

Exhibit 99.1 Spotify Q4 2023 Update February 6th, 2024 | | | Ta b Executive Summary Key Highlights MAU and Subscriber outperformance drives record full year results Accelerating constant currency* Revenue growth and Gross Margin expansion 9th Annual Spotify Wrapped Campaign draws more than 225 million MAU Spotify " Constant Currency adjusted measures are non-FFRS messures. See "Use of Non-FRS Measures" and "Reconclisition of IFR8 to Non-liFRO Results" for additional information We ended 2023 with strong Q4 ...

NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) has released its financial results for the fourth quarter of 2023 today. Please visit investors.spotify.com to view the Shareholder Deck and other supplemental materials. As previously announced, the company will host a live question and answer session to discuss fourth quarter 2023 financial results at 8:00 a.m. Eastern Time. Daniel Ek, our Founder and Chief Executive Officer, and Paul Vogel, our Chief Financial Officer, will be on hand to an ...

Joe Rogan got a new deal from Spotify (SPOT 0.35%) and this one makes all the sense in the world. In this video, Travis Hoium covers why Rogan is helping Spotify win podcasting and advertising long term.*Stock prices used were end-of-day prices of Feb. 2, 2024. The video was published on Feb. 5, 2024. ...

Spotify Technology S.A. (SPOT) will report fourth-quarter 2023 results on Feb 6, before the bell. The company has delivered a trailing four-quarter average earnings surprise of 31.4%.Q4 ExpectationsThe Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $3.96 billion, indicating year-over-year growth of 22.4%. The growth of subscribers and monthly active users is likely to have benefited the top line. However, average revenue per user is expected to have declined due to shifts i ...

Spotify Technology announced a new multi-year deal with the comedian and podcaster Joe Rogan on Friday, in a bid to tap into the popularity of his show to drive its advertising revenue.The multi-year deal with Rogan, which is estimated to be worth as much as $250m, involves an upfront minimum guarantee, plus a revenue sharing agreement based on ad sales, the Wall Street Journal reported on Friday. The company declined to comment on the terms of the deal but in an email response said the estimated value of t ...

Analysts on Wall Street project that Spotify (SPOT) will announce quarterly loss of $0.08 per share in its forthcoming report, representing an increase of 94.4% year over year. Revenues are projected to reach $3.96 billion, increasing 22.4% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals its earning ...

Key PointsShares of Spotify have been trading red-hot in recent weeks. They still have a long way to go to undo 2022’s drop completely, but the momentum is all upward for now. Analyst comments are almost all bullish, and expectations are high for further gains in the near term. 5 stocks we like better than Spotify TechnologyDespite suffering an 80% drop that only bottomed out a year ago, shares of Spotify Technology S.A. NYSE: SPOT have been undergoing something of a resurgence in the twelve months since. L ...