Spotify revenue beats but adds fewer-than-expected paid subscribers
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Loop Capital Upgrades Spotify (SPOT) to Hold
August 1, 2019 5:51 AM EDTLoop Capital analyst Alan Gould upgraded Spotify (NYSE: SPOT) from Sell to Hold with a price target of $150.00 (from $125.00).
For an analyst ratings summary and ratings history on Spotify click here. For more ratings news on Spotify click here.
Shares of Spotify closed at $155.80 yesterday.
... MoreSpotify (SPOT) Reports Q2 Loss of EUR0.42
July 31, 2019 6:14 AM EDTSpotify (NYSE: SPOT) reported Q2 EPS of (EUR0.42), versus (EUR0.79) reported last year. Revenue for the quarter came in at EUR1.67 billion, versus EUR1.51 billion reported last year.
Total MAUs grew 29% Y/Y to 232 million, outperforming the high end of our 222-228 million MAU guidance range.
Outperformance was broad based, with most of our geographic regions growing faster than our expectations. Timing of certain global music releases yielded some incremental benefit, as did our launch on PlayStation consoles across the Middle East and Latin America. Of note, two markets that have... More
