Spotify's user growth beats estimates, forecasts upbeat year
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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
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
