Spotify Technology S.A. Announces Financial Results for First Quarter 2021

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Buy Spotify (SPOT) on Selloff - Monness, Crespi, Hardt

April 28, 2021 12:41 PM EDT

Monness, Crespi, Hardt analyst Brian J. White reiterated a Buy rating and $380.00 price target on Spotify (NYSE: SPOT) following earnings and the related selloff. White sees the selloff as another attractive buying opportunity.

The analyst commented, "This morning, Spotify reported healthy 1Q:21 results... More

Spotify (SPOT) Reports Q1 Loss of EUR0.25 on Revenues of EUR2.15B; Offers 2Q & FY21 Revenue Outlook

April 28, 2021 6:08 AM EDT

Spotify (NYSE: SPOT) reported Q1 EPS of (EUR0.25), versus (EUR0.20) reported last year. Revenue for the quarter came in at EUR2.15 billion, versus EUR1.85 billion reported last year.

GUIDANCE:

Spotify sees Q2 2021 revenue of EUR2.16-2.36 billion.

Spotify sees FY2021 revenue of EUR9.11-9.51 billion.

Q2 & 2021 OUTLOOK

The following forward-looking... More