Spotify stock jumps after reporting its first full year of ...

3 days ago · Meanwhile, Spotify reported a fourth quarter profit of 367 million euros ($380 million), or 1.76 euros a share ($1.82). That's up from the prior-year period's loss of 70 million euros, or 36 euro ...

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Spotify Stock Jumps After Reporting Its First Full Year Of ...

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Spotify Stock Jumps As Streaming Giant Hits First Full Year Of ...

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2 days ago · Spotify shares are jumping almost 10% in premarket trading Tuesday, after the Swedish audio streaming giant posted its first full-year profit and quarterly revenue that beat …

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Spotify Stock Soars. Earnings Impress Markets As It Posts First Full ...

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The stock climbed 12% to $612.59 in early trading. The benchmark S&P 500 index was up 0.1%. The gains came after Spotify said it had added a record-equaling 11 million net premium …

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Spotify Shares Pop 13% After Company Reports First Profitable Year

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3 days ago · The music streaming company said it paid a record $10 billion in royalties to the music industry in 2024.

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Spotify Reports First Full-Year Profit - WSJ

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Spotify Technology SPOT13.24%increase; green up pointing triangle reported its first ever full year of profitability, fueled by record user growth and austerity measures after years of heavy ...

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Spotify Stock Soars After Earnings, First Full-Year Profit. Adds ...

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Spotify stock rises after the audio-streaming company reports earnings of $1.76 a share on revenue of $4.38 billion.

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Spotify Stock Jumps After Reporting Record Profit, Strong Guidance …

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Jul 23, 2024 · Spotify stock jumps after reporting record profit, strong guidance amid turnaround plan. ... It also compares with the year-earlier period loss of 302 million euros ($327.77 …

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Why Stop At $400? Spotify Stock Tops $465 Per Share Following …

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Before Spotify’s anticipated “first full year of profitability” is in the books, company brass are banking on adding eight million subscribers (260 million total), hitting $4.34 billion/€4 ...

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Spotify Stock Rises After Price Hike - Investopedia

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Jun 3, 2024 · The company’s Premium service accounted for 89.3% of its first-quarter sales, bringing in 3.25 billion euros ($3.54 billion), which was a jump of 20% from the year before.

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Spotify's Q3 Profit Quadruples As It Tops 250 Million Subscribers

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Nov 12, 2024 · Spotify’s stock price has more than doubled since the start of the year, moving from $188.80 per share to $419.39 per share on Tuesday afternoon. Following its after-hours …

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Spotify Stock Price Jumps After Reporting Record Profit In The 2nd ...

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Jul 23, 2024 · Spotify's revenue grew 20% year-over-year in the second quarter, driven by growth in its premium subscriber base and an increase in ad sales. ... Spotify jumps 14% after the …

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Spotify Stock Jumps After Reporting Record Profit, Strong ... - AOL

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Jul 23, 2024 · Premium subscribers came in above company expectations of 245 million to hit 246 million — a 12% year-over-year jump. Spotify expects the subscriber count to increase to 251 …

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Spotify Stock Price Jumps As The Music Streamer Achieves Its First …

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3 days ago · Spotify stock price jumps as the music streamer achieves its first full year of profitability. Shares in music streamer Spotify (NYSE: SPOT) are up nearly 9% in premarket …

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FAQs about Spotify stock jumps after reporting its first full year of ... Coupon?

Why did Spotify stock jump?

Spotify Stock Jumps. Why Wall Street Is Cheering the Streamer’s First Full-Year Profit. Spotify Technology shares were rising Tuesday after the audio streamer said it had added more subscribers than Wall Street was expecting over the fourth quarter, helping revenue to top estimates. The stock climbed 8.6% to $596 in early trading. ...

Why are Spotify shares going up 8% in premarket trading?

Spotify shares have more than doubled in the past year. Spotify (SPOT) shares are jumping around 8% in premarket trading Tuesday, after the Swedish audio streaming giant posted its first full-year profit and quarterly revenue that beat estimates. ...

Why is Spotify Technology a good stock to buy?

Spotify Technology shares were rising Tuesday after the audio streamer said it had added more subscribers than Wall Street was expecting over the fourth quarter, helping revenue to top estimates. The stock climbed 8.6% to $596 in early trading. Futures tracking the benchmark S&P 500 were 0.1% lower. ...

What did analysts expect from Spotify's earnings in 2023?

Analysts were expecting earnings of $1.99 a share on earnings of €4.15 billion ($4.28 billion). The results mean that Spotify reported a full-year profit for the first time ever, with price hikes boosting its margins and sizable layoffs from 2023 helping the company to cut costs. The streamer’s guidance also looked strong. ...

Why did Spotify gain 11 million subscribers?

The gains came after Spotify said it had added a record-equaling 11 million net premium subscribers as of Dec. 31, topping the eight million net adds analysts surveyed by FactSet were expecting. It pointed to high user engagement with its annual Wrapped campaign as one factor driving growth. ...

How much did Spotify make in 4th quarter?

Meanwhile, Spotify reported a fourth quarter profit of 367 million euros ($380 million), or 1.76 euros a share ($1.82). That's up from the prior-year period's loss of 70 million euros, or 36 euro cents a share. Analysts expected profits to come in at 1.89 euros a share, according to Bloomberg. ...