Spotify (SPOT) Guides Q1 Operating Income of EUR 180M, far Above EUR 84.6M Estimate

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/9/2026

1. AAPL
2. BRZE
3. TTAN
4. CHYM
5. USO
6. COO
7. QCOM
8. IRT
9. AEO
10. MSI

Go back to Spotify (SPOT) Guides Q1 Operating Income of EUR 180M, far Above EUR 84.6M Estimate

UBS on Spotify (SPOT): 'Better operating income & FCF; Revenues slightly below due to advertising'

February 6, 2024 7:17 AM EST

UBS analyst Batya Levi reiterated a Buy rating and $274.00 price target on Spotify (NYSE: SPOT).

The analyst comments "SPOT reported solid KPIs with 28M MAU adds (UBSe/Guide 27M) and 10M premium adds (UBSe 9.4M; Guide 9M). Total revenues grew 16% yoy... More

Spotify (SPOT) stock pops as operating income guidance tops consensus

February 6, 2024 6:46 AM EST

Shares of Spotify Technology (NYSE: SPOT) jumped over 3% in premarket trading Tuesday after the company's upbeat Q1 operating income guidance.

Spotify's Q4 loss per share in the quarter decreased significantly to 0.36 from 1.40 year-over-year. Analysts were looking for a loss per share of 0.37. Revenue reached 3.67 billion in the quarter, marking a 16% increase YoY, slightly below the expected 3.72 billion.

Premium revenue... More