Spotify predicts strong quarter after cost cuts power first annual ...

3 days ago · Feb 4 (Reuters) - Spotify Technology (SPOT.N), opens new tab reported its first annual profit on Tuesday and forecast quarterly earnings above Wall Street estimates, as the Swedish audio-streaming ...

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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 Forecasts Profit Above Estimates On Cost Cuts, Steady User ...

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Nov 12, 2024 · In the third quarter, gross profit jumped 40% to 1.24 billion euros, compared with estimates of 1.22 billion euros. Gross profit margin increased to 31.1% from 29.2% in prior …

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Spotify's First Quarter Tells A Story Of Record Profit And An Epic Win

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Apr 23, 2024 · Spotify ended its fiscal first quarter with 615 million monthly active users, which was 3 million short of StreetAccount’s estimate, but business grew as MAUs rose 19% YoY …

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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 ... - AOL

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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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FAQs about Spotify predicts strong quarter after cost cuts power first annual ... Coupon?

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?

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. ...

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

(Reuters) -Audio-streaming giant Spotify (SPOT) forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and strong subscriber growth in the crucial holiday season. Its shares that have more than doubled in value this year rose 8% before the bell on Wednesday. ...

Did Spotify hike prices in June last year?

Spotify hiked prices in the U.S. in June last year. Gross profit jumped 40% thanks to a 16% decline in operating expenses. Gross profit margin increased to 32.2% from 31.1% in the prior quarter. ...

How much money does Spotify make a quarter?

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. The company forecast for monthly active users (MAUs) of 665 million was also above estimates of 661 million, according to Visible Alpha. ...

How did Spotify perform in 4th quarter?

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. Spotify hiked prices in the U.S. in June last year. Gross profit jumped 40% thanks to a 16% decline in operating expenses. ...