Operator WeÂ'll start with opening comments from Daniel and Ben, and afterwards weÂ'll be happy to answer your questions. Questions can be submitted by going to Slido.com - S-L-I-D-O-dot-com and using the code, hashtag Spotify earnings Q2 24. Analysts can ask questions directly into Slido and all participants can then vote on the questions they find most relevant. If for some reason you donÂ't have access to Slido, you can email Investor Relations at ir.spotify.com and weÂ'll add in your question. Daniel ...

Spotify shattered Q2 profit expectations. Key Facts Tuesday's rally came after the company delivered bumper quarterly results. With more than $500 million in net income booked in Spotify's first two quarters and a further $630 million projected over the second half of the year, Wall Street now expects the streamer to easily tally its first-ever profitable year, turning around from 2022's $467 million loss and 2023's $572 million loss. 330%. That's about how much Spotify stock is up since the end of 2022. It ...

Spotify's operating profit reached 266 million euros ($289 million) in the second quarter, compared to a loss of 247 million euros in the same three-month period last year. Spotify increased its subscription prices in June, the second increase in a year. 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: Spotify raised prices in June, its second increase in a year. Swedish music ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical wri ...

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 ...