Spotify Technology S.A. Announces Financial Results for Fourth Quarter 2019
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Spotify (SPOT) Reports Q4 Revenues of EUR1.855B; Provides Q1 & FY20 Revenue Outlook
February 5, 2020 6:05 AM ESTSpotify (NYSE: SPOT) reported Q4 EPS of (EUR1.14), versus EUR0.36 reported last year. Revenue for the quarter came in at EUR1.86 billion, versus EUR1.73 billion reported last year.
Dear Shareholders,
The business continued to perform well in 4Q19. For the third consecutive quarter, total MAU growth accelerated while Subscribers, Revenue, and Gross Margin all met or exceeded our expectations. We continue to see exponential growth in podcast hours... More
