Spotify Tops Q3 Forecasts, Reaches 252 Million Premium Subscribers as Revenue Climbs 19%
Spotify cranked up the volume with another strong quarter, packing on 6 million paying subscribers globally in Q3 2024.
Spotify’s Q3 Profit Quadruples as Streamer Tops 250 Million Subscribers
Spotify's profit more than quadrupled during the third quarter, the music streaming heavyweight reported on Tuesday
Premium Revenue and Subscribers Drive Spotify’s Big Q3
Spotify's aggressive push for profitability may very well pay off before the year's end, following a strong Q3 2024.
Spotify Adds Subscribers As Q3 Revenue Grows, Stock Pops
Music streaming giant Spotify grew monthly active users and premium subscribers last quarter, beating forecasts on both of those and other metrics as the stock rose more than 9% after the numbers before settling slightly to well over $450.
Spotify Q3: Strong Subscriber Growth And Margin Improvement
Spotify's Q3 results and new features signal strong growth. Learn why SPOT stock is a buy with a $500 price target and a promising ad revenue outlook.
These Analysts Increase Their Forecasts On Spotify Following Q3 Earnings
Spotify reported quarterly earnings of $1.46 per share, which missed the analyst consensus estimate of $1.76. The company reported quarterly sales of $3.99 billion which missed the analyst consensus estimate of $4.02 billion and is an increase over sales of $3.65 billion from the same period last year.
Spotify: Q3 Earnings Snapshot
The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.
Why Spotify Stock Is Surging Despite Its Earnings Miss
Spotify stock is notably higher Wednesday after the audio streaming company gave an upbeat fourth-quarter outlook. Here's what you need to know.
Spotify (SPOT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Spotify (SPOT) reported $4.38 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 20%. EPS of $1.59 for the same period compares to $0.36 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $4.
Spotify teases a ‘super premium’ tier for superfans and upcoming video expansion in Q3 earnings call
Spotify CEO Daniel Ek has once again teased the company's long-delayed HiFi or "super premium" tier, a higher-qualify ...
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Why Stop At $400? Spotify Stock Tops $465 Per Share Following Q3 Earnings Release — Execs Target ‘First Full Year of Profitability’
Why stop at $400 per share? Spotify stock (NYSE: SPOT) is surging following the release of the company’s Q3 2024 earnings ...
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Spotify’s Q3 Performance: Cautious Hold Rating Amid Mixed Financial Outcomes and Margin Improvements
The associated price target is $416.00. Doug Creutz has given his Hold rating due to a combination of factors arising from Spotify’s Q3 performance. The company reported user numbers that aligned ...
Spotify: This Rally Will Crumble
Spotify's Q3 results showed user growth exceeding expectations but revenue missed forecasts, raising concerns about its ...
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Spotify crosses 250M Subscribers, eyes $1.5 billion operating profit in 2024
Spotify is on track to achieve a groundbreaking $1.5 billion annual operating profit, marking its first profitable full year. According ...
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Spotify Q3 Profit Jumps, Driven By Premium Revenue; Stock Climbs In Pre-market
(RTTNews) - Audio streaming service provider Spotify Technology S.A. (SPOT) Wednesday reported significantly higher profit for the third quarter driven by growth in premium revenue. Spotify shares ...
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Spotify Reports $100 Million In Royalty Savings Since Rolling Out Bundled Offerings Since March
That success is due in no small part of Spotify’s bundling over the past year. The music streaming giant’s global Premium ...