Spotify Technology S.A. Announces Financial Results for First Quarter 2018
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Spotify (SPOT) PT Lowered to $210 at RBC Capital; Maintains Positive View
May 3, 2018 8:52 AM EDTRBC Capital lowered its price target on Spotify (NYSE: SPOT) to $210.00 (from $220.00) while maintaining an Outperform rating following results due to FX.
" All in, these should have been exactly as expected results," analyst Mark Mahaney commented.
... MoreSpotify (SPOT) Growth Narrative Is Intact - Stifel
May 3, 2018 7:42 AM EDTStifel analyst John Egbert reiterated a Buy rating and $180 price target on Spotify (NYSE: SPOT) following results, saying the growth narrative is intact.
Egbert commented, "Spotify reported subscribers / revenue near the high-end of guidance and outperformed gross margin / operating loss expectations in 1Q.... More
Guggenheim Remains Bullish on Spotify (SPOT) Following 1Q
May 3, 2018 6:57 AM EDTGuggenheim reiterated a Buy rating and $175.00 price target on Spotify (NYSE: SPOT) following the company's 1Q earnings report. Spotify reported earnings in line with the company's guidance provided on 3/26. In addition, the company provided a 2Q18 outlook and left full-year guidance... More
Spotify (SPOT) Ends Q1 With 170MAUs
May 2, 2018 4:09 PM EDTSpotify (NYSE: SPOT) finished the quarter with 170 million Monthly Active Users (MAU) and 75 million Premium Subscribers, up 30% and 45%, respectively, Y/Y.
Total Revenue was 1,139 million growing 26% Y/Y, and 37% Y/Y after adjusting for the negative impact from changes in foreign exchange rates1.
Gross Margin was 24.9% in Q1, above the high end of our guidance range of 23-24%. Excluding adjustments to prior period estimates primarily related to changes in rights... More
