Spotify (SPOT) Misses Q2 EPS by 90c, beats on monthly active users

Spotify (NYSE: SPOT) reported Q2 EPS of (EUR1.55), EUR0.90 worse than the analyst estimate of (EUR0.65). Revenue for the quarter came in at EUR3.18 billion versus the consensus estimate of EUR3.21 billion.

Monthly active users 551.0 million, +27% y/y, estimate 529.9 million

GUIDANCE:

Spotify sees Q3 2023 revenue of EUR3.3 billion, versus the consensus of EUR3.78 billion.

For earnings history and earnings-related data on Spotify (SPOT) click here.

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