Spotify (SPOT) Q4 Revenues Rise 30% to EUR1.495 Billion; Offers Q1 & FY19 Revenue Guidance

Spotify (NYSE: SPOT) reported Q4 EPS of EUR0.36 per share, versus a loss of EUR3.87/share last year. Revenue for the quarter came in rose 30% to EUR1.5 billion versus the consensus estimate of EUR1.5 billion.

Q1 2019 Guidance:

• Total Monthly Active Users (“MAU”): 215-220 million, up 24-27% Y/Y
• Total Premium Subscribers: 97-100 million, up 29-33% Y/Y
• Total Revenue: €1.35-€1.55 billion, up 19-36% Y/Y
• Gross Margin: 22.5-24.5%
• Operating Profit/Loss: €(50)-(€120) million

Full Year 2019 Guidance:

• Total Monthly Active Users (“MAU”): 245-265 million, up 18-28% Y/Y
• Total Premium Subscribers: 117-127 million, up 21-32% Y/Y
• Total Revenue: €6.35-€6.8 billion, up 21-29% Y/Y
• Gross Margin: 22.0-25.0%
• Operating Profit/Loss: €(200)-(€360) million

GUIDANCE:

Spotify sees Q1 2019 revenue of EUR1.35-1.55 billion, versus the consensus of EUR1.47 billion.

Spotify sees FY2019 revenue of EUR6.35-6.8 million, versus the consensus of EUR6.71 million.

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

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