Spotify Beats Estimates on Cost Cuts, Steady User Growth

Nov 12, 2024 · Spotify expects to achieve an operating income of 481 million euros ($509.76 million) in the fourth quarter, exceeding the average analysts' estimate of 445.7 million euros.

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Spotify Beats Estimates On Cost Cuts, Steady User Growth

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Nov 12, 2024 · Spotify expects to achieve an operating income of 481 million euros ($509.76 million) in the fourth quarter, exceeding the average analysts' estimate of 445.7 million euros.

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Spotify Forecasts Profit Above Estimates On Cost Cuts, Steady User …

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Nov 12, 2024 · Spotify expects operating income of 481 million euros ($509.76 million) in the fourth quarter, compared with the LSEG-compiled average analysts' estimate of 445.7 million …

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Spotify Forecasts Q1 Profit Above Estimates On Steady User Growth

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3 days ago · Spotify expects operating income of 548 million euros ($566.19 million) in the current quarter, above analysts' average estimate of 450.6 million euros ... forecast first-quarter profit …

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Spotify's User Growth Beats Expectations, Posts Quarterly Profit

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Oct 24, 2023 · Spotify's monthly user forecast for the fourth quarter sets the company firmly on target to reach 1 billion users and $100 billion of revenue annually by 2030. Analysts had …

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Spotify Predicts A Strong First Quarter In 2025 - BNN Bloomberg

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3 days ago · Fourth-quarter revenue rose 16% to 4.24 billion euros, beating an estimate of 4.19 billion euros, driven by subscriber gains and a 5% increase in average revenue per user. …

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Spotify Users Surge In Q4, EPS Disappoints | The Motley Fool

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3 days ago · Audio streaming platform Spotify Technology (SPOT 10.34%) reported mixed fourth-quarter and full-year 2024 results on Tuesday, Feb. 4. The company saw significant user …

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Spotify Forecasts Strong Q1 Profit, Shares Surge Over 9% Amid …

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2 days ago · Spotify has projected a first-quarter operating profit of €548 million ($566.19 million), surpassing market estimates of €450.6 million, driven by steady user growth, price hikes, and …

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Spotify Predicts Strong Quarter After Cost Cuts Power First Annual ...

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2 days ago · Spotify said it expects operating income of 548 million euros ($566.2 million) in the current quarter, above analysts' estimate of 450.6 million euros, according to LSEG-compiled …

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FAQs about Spotify Beats Estimates on Cost Cuts, Steady User Growth Coupon?

Will Spotify's fourth-quarter profit be higher than Wall Street estimates?

Audio-streaming giant Spotify forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and strong subscriber growth in the crucial holiday season. ...

Why did Spotify forecast first-quarter profit above market estimates?

(Reuters) - Spotify forecast first-quarter profit above market estimates on Tuesday as the Swedish audio-streaming giant benefits from steady user growth, price hikes and a cost-cutting drive. ...

Why did Spotify make a profit?

(AP Photo/Patrick Semansky, File) Spotify Technology reported its first annual profit on Tuesday and forecast quarterly earnings above Wall Street estimates, as the Swedish audio-streaming giant benefits from strong user growth, price hikes and a cost-cutting drive. ...

How much money does Spotify make a year?

Spotify expects operating income of 481 million euros ($509.76 million) in the fourth quarter, compared with the LSEG-compiled average analysts' estimate of 445.7 million euros. Its forecast for monthly active users (MAUs) of 665 million was also above estimates of 661 million, according to Visible Alpha. ...

Why did Spotify raise prices?

It has also raised prices of its plans in the U.S. to capitalize on demand for its premium products. Spotify expects operating income of 481 million euros ($509.76 million) in the fourth quarter, compared with the LSEG-compiled average analysts' estimate of 445.7 million euros. ...

How much did Spotify lose in Q4?

The company posted a fourth-quarter operating loss of 75 million euros, compared with a loss of 231 million euros in the year-earlier quarter. After announcing its latest round of layoffs in December, Spotify had forecast a fourth-quarter operating loss of between 93 million euros and 108 million euros due to the charges. ...