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Spotify expects operating income of 481 million euros ($509.76 million) in the fourth quarter, compared with the LSEG-compiled average analysts' estimate of 445.7 million euros.
Spotify predicts strong quarter after cost cuts power first annual profit ... driven by subscriber gains and a 5% increase in average revenue per user. Spotify hiked prices in the U.S. in June ...
Spotify hit all the right notes in reporting Q4 and full-year 2024 earnings, with the audio streamer turning in its first annual net profit since it was founded in 2006. Shares of Spotify surged ...
The stock, which lost more than two-thirds of its value in 2022, is up about 100% year to date and up roughly 75% on a year-over-year basis. Still, shares remain more than 50% below their record ...
The audio giant also swung to a profit as it continues ... of 0.65 euros per share. It also compares with the year-earlier period loss of 225 million euros, or a loss of 1.16 euros a share ...
Helped by cost-cutting measures include a mass layoff, Spotify posted a record profit in the second quarter of 2024 that topped expectations. The music and audio streaming giant gained 7 million ...
Spotify stock rose as much as 11% following its surprise profit. Wall Street has been closely watching the company's margins after its spending spree on podcasting last year.
Spotify also estimates that “in 2014, around 10,000 artists generated at least $10,000 per year on Spotify. Today, well over 10,000 artists generate over $100,000 per year from Spotify alone.” ...
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