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 ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Spotify (NYSE:SPOT) stock is up on Tuesday after the streaming company’s shares got an upgrade from UBS analyst Batya Levi.That upgrade has the UBS analysts boosting SPOT stock up from a “neutral” rating to a “buy” rating. For the record, the analysts’ consensus rating for SPOT shares is moderate buy based on 22 opinions.That upgrade also saw Levi increase the firm’s price target for SPOT stock from $170 per share to $274 per share. This represents a potential upside of 25.3% over yesterday’s closing price. ...

UBS upgraded shares of music streaming platform Spotify Technology SA (NYSE:SPOT) to "buy" from "neutral" and hiked its price target from $170 to $274 -- a more than 25% premium to last night's close of $218.61.According to the brokerage's bull note, "[E]fficiency initiatives remain the focus and have increased conviction on sustainable margin expansion and stronger bottom line trends in the coming year." In response to the upgrade, Spotify stock is trading 1.6% higher before the bell, looking to open above ...

Spotify will launch in-app shopping on iPhones in the European Union (EU) on March 7. This new offering is enabled by the rollout of the EU’s Digital Markets Act (DMA), which prohibits the restrictions and 30% fees that Apple currently places on apps offering through its App Store, Spotify said in a Wednesday (Jan. 24) blog post. “For years, even in our own app, Apple had these rules where we couldn’t tell you about offers, how much something costs, or even where or how to buy it. We know, pretty nuts,” Spo ...

Spotify (NYSE:SPOT) stock is getting a boost on Wednesday as it prepares to add in-app purchases to its list of services for customers.This comes as the European Union (EU) prepares to put into effect its Digital Markets Act (DMA) law in March. This saw its designed to allow for more competition among big tech companies.In the case of Spotify, it opens the floodgates for in-app purchases. That includes the ability to buy audiobooks through the streaming service.This is a major win for SPOT stock investors a ...

It’s good to have friends. They come to your birthday party, offer a shoulder to cry on when things are hard and spend precious corporate resources developing apps for your nascent virtual reality platform despite little direct return. It can be tempting to believe that a pile of cash worth $30bn, and a single product line that brings in more than $200bn a year, is an acceptable substitute. But Apple is learning that money can’t buy you everything.Last week, pre-orders opened for the company’s Vision Pro he ...