The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023.Spotify shares rose in extended trading on Tuesday after the music streaming company issued a profit forecast for the fourth quarter that topped estimates.Here's how the company did, compared to what analysts expected:Earnings per share: 1.45 euros vs. 1.72 euros expected by LSEGRevenue: 3.99 billion euros vs. 4.02 billion euros expected by LSEGMonthly active users (MAUs): 640 million vs. 639 million expect ...

Key TakeawaysSpotify added more subscribers than analysts expected in the third quarter.The audio streaming giant's subscriber outlook also came in slightly ahead of projections. Shares surged in extended trading Tuesday and have more than doubled in value since the start of the year. Spotify (SPOT) added more subscribers than expected in the third quarter, sending shares higher after the bell Tuesday. Monthly active users climbed 11% year-over-year to 640 million, and premium subscriptions came in at 252 ...

Exhibit 99.1 Q3 2024 Update November 12th, 2024 | | | Executive Summary The business delivered strong Q3 results, as all of our KPIs met or exceeded guidance and profitability reached record levels. MAU net additions ticked up to 14 million, surpassing guidance by 1 million. Subscriber net additions of 6 million were also ahead by 1 million. Despite greater than anticipated headwinds from unfavorable currency movements, Revenue was in-line and grew 21% Y/Y on a constant currency* basis. Gross Margin of 31.1 ...

Spotify Technology S.A. SPOT will release earnings results for its third quarter, after the closing bell on Tuesday, Nov. 12.Analysts expect the Luxembourg City, Luxembourg-based bank to report quarterly earnings at $1.84 per share, up from 36 cents per share in the year-ago period. Spotify projects to report revenue of $4.31 billion for the recent quarter, compared to $3.68 billion a year earlier, according to data from Benzinga Pro.On Monday, Benchmark analyst Matthew Harrigan maintained Spotify with a Bu ...

Spotify Technology S.A. (SPOT) will report its third-quarter 2024 results on Nov. 12, after the bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for earnings in the to-be-reported quarter stands at $1.73 per share, indicating 380.6% year-over-year growth. The consensus mark for revenues is pegged at $4.4 billion, indicating year-over-year growth of 19.5%.Three estimates for the to-be-reported quarter moved down over the past 30 days versus no upward ...

Spotify Technology SA SPOT will be reporting its third-quarter earnings on Tuesday. Wall Street expects $1.89 in EPS and $4.37 billion in revenues as the company reports after market hours.The stock is up 139.78% over the past year, 117.39% YTD.Let’s look at what the charts indicate for Spotify stock and how the stock currently maps against Wall Street estimates.Read Also: Donald Trump To Reportedly Appear On Joe Rogan’s Podcast For First TimeSpotify Stock In Strongly Bullish Trend Ahead Of Q3 Earnings Spot ...

Spotify (SPOT) ended the recent trading session at $400.68, demonstrating a +0.21% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 0.09%.Prior to today's trading, shares of the music-streaming service operator had gained 5.78% over the past month. This has lagged the Business Services sector's gain of 11.43% and outpaced the S&P 500's gain of 4.9% in that time.Analysts and ...

The upcoming report from Spotify (SPOT) is expected to reveal quarterly earnings of $1.74 per share, indicating an increase of 383.3% compared to the year-ago period. Analysts forecast revenues of $4.38 billion, representing an increase of 19.8% year over year.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Ahead of a compa ...

Spotify stock is on fire, but the best may still be ahead for investors.Spotify (SPOT 1.30%) is a leader in music streaming, but its growth may come from new revenue streams like podcasts, video, and advertising. In this video, Travis Hoium discusses Spotify's strategy, growth, risks, and why this could be a 10x stock for long-term investors.*Stock prices used were end-of-day prices of Nov. 5, 2024. The video was published on Nov. 6, 2024. ...

In the latest trading session, Spotify (SPOT) closed at $384.50, marking a -0.16% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.41%. Meanwhile, the Dow experienced a rise of 0.69%, and the technology-dominated Nasdaq saw an increase of 0.8%.The the stock of music-streaming service operator has risen by 3.35% in the past month, leading the Business Services sector's gain of 0.16% and the S&P 500's loss of 0.97%.The upcoming earnings release of Spotify will be of ...