Spotify (SPOT) stock pops as operating income guidance tops consensus
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UBS on Spotify (SPOT): 'Better operating income & FCF; Revenues slightly below due to advertising'
February 6, 2024 7:17 AM ESTUBS 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's user growth beats estimates, forecasts upbeat year
February 6, 2024 6:05 AM ESTBy Supantha Mukherjee
STOCKHOLM (Reuters) -Spotify on Tuesday reported fourth-quarter monthly active users and subscribers ahead of expectations as it grew in all regions, and said revenue and profitability trends looked favourable this year, sending its shares up 8%.
The Swedish music streaming company has ventured into podcasts and audiobooks as it seeks to grow its user base to 1 billion by 2030. It has also raised prices for its subscribers and laid off thousands of employees to boost profits.
The number of monthly active users rose by 23% to 602... More
Spotify (SPOT) Tops Q4 EPS by 1c, offers guidance
February 6, 2024 6:02 AM ESTSpotify (NYSE: SPOT) reported Q4 EPS of (EUR0.36), EUR0.01 better than the analyst estimate of (EUR0.37). Revenue for the quarter came in at EUR3.67 billion versus the consensus estimate of EUR3.72 billion.
GUIDANCE:
Spotify sees Q1 2024 revenue of EUR3.6... More
Spotify (SPOT) Guides Q1 Operating Income of EUR 180M, far Above EUR 84.6M Estimate
February 6, 2024 6:00 AM ESTSpotify (SPOT) Guides Q1 Operating Income of EUR 180M, far Above EUR 84.6M Estimate
... More