Spotify Stock Soars Over 100% in 2024: Is More Upside Ahead?

The third quarter of 2024 highlighted Spotify’s solid performance. Revenues increased 19% year over year and gross margin rose to 31.1%. Premium subscribers grew 12%, bolstered by innovative ...


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Spotify Stock Soars Over 100% In 2024: Is More Upside Ahead?

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The third quarter of 2024 highlighted Spotify’s solid performance. Revenues increased 19% year over year and gross margin rose to 31.1%. Premium subscribers grew 12%, bolstered by innovative ...

yahoo.com

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Spotify Stock Jumps After Reporting Its First Full Year Of ...

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4 days ago  · Spotify's stock surged in early trading as a result, rising around 10%. ... Analysts expected profits to come in at 1.89 euros a share, according to Bloomberg. ... Spotify's record-setting comeback .

yahoo.com

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Spotify Achieves Record Profitability In Q3 2024

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Nov 12, 2024  · Spotify Technology SA has released an update. Spotify Technology SA reported a robust Q3 2024 performance with total revenue reaching €3.988 billion, marking a 19% year …

businessinsider.com

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Spotify's Stock Pops After Streaming-Audio Giant Posts Record Profit

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Jul 23, 2024  · The growth was driven in part by Spotify’s premium subscriber base, which increased 12% year-over-year to 246 million, ahead of analysts’ expectations of 245.2 million.

investopedia.com

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Spotify Stock Surges As Streaming Giant Posts Record Profits

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Jul 23, 2024  · Spotify's higher sales were driven by a 12% increase in its subscriber base, to 246 million users, which helped fuel a 21% increase in revenue from its premium business, to …

morningstar.com

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SPOT Earnings: Spotify Soars 6% On Strong Q3 Earnings And …

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Nov 13, 2024  · Spotify’s (SPOT) stock surged over 6% in regular trading after the music streaming giant announced strong third-quarter earnings that exceeded expectations across …

nasdaq.com

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Spotify Stock Has Soared 142% In 2024. Is It Too Late To Buy?

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Nov 19, 2024  · Spotify stock just set a fresh record high, and it's starting to look a little pricey. ... Nov 19, 2024, 5:17 AM 5 min ... Record revenue and surging profits. Spotify had a record 640 …

yahoo.com

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Why Is Spotify Stock Soaring, And Is It Still A Buy?

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Nov 16, 2024  · Spotify (SPOT 1.78%) reported revenue, subscribers, and profits increases, which has investors cheering the outcome. *Stock prices used were the afternoon prices of Nov. 13, …

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Spotify Stock Soars To Record High On Q3 Report - Investor's …

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Nov 13, 2024  · On the stock market today, Spotify stock popped 11.4% higher to close at 467.37. In intraday trading, it notched a record high of 473. In intraday trading, it notched a record high …

investors.com

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Spotify Stock Surges Again. What's Behind The Rally?

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Nov 13, 2024  · Spotify's (SPOT 0.10%) earnings were strong once again, as the company's focus on profits and cash flow paid off. But it was the level of margin expansion that shocked investors.

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Spotify Predicts Strong Quarter After Cost Cuts Power First Annual ...

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3 days ago  · Fourth-quarter revenue rose 16% to 4.24 billion euros, beating an estimate of 4.19 billion euros, driven by subscriber gains and a 5% increase in average revenue per user. …

reuters.com

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Spotify Targets 2025 As 'year Of Accelerated Execution' With 31.5

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Spotify reported €4.2 billion in Q4 revenue, surpassing the analysts’ estimate of approximately $4.28 billion. Premium revenue increased 19% year-on-year on a constant-currency basis ...

seekingalpha.com

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Spotify Stock Finishes At A Record High After A 10-Day Rally

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Sep 20, 2024  · However, UMG streaming metrics suggest Spotify's market share is already 35%, meaning KeyBanc's current estimates imply no market share growth for the streaming leader.

investopedia.com

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Stock Market Today: Dow, S&P 500, Nasdaq Recover As Traders …

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3 days ago  · Snap shares soared as much as 15% in after-hours trading on Tuesday after the company beat on both the top and bottom lines and guided to first quarter revenue that was …

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FAQs about Spotify Stock Soars Over 100% in 2024: Is More Upside Ahead? Coupon?

How did Spotify make a record profit?

The stock was up about 12% to trade at $330.07 at 10:45 a.m. ET. Spotify's record profits were driven by 12% growth in its premium subscribers and a 13% rise in its ad sales. The results outpaced analyst expectations and came months after the company embarked on efforts to improve efficiency and reduce costs. ...

How did Spotify's revenue grow over the years?

Premium subscribers grew 12%, bolstered by innovative offerings such as tiered pricing and bundled subscriptions. The most noteworthy aspect, however, was Spotify’s ability to generate operational leverage, particularly in free cash flow, which surged 230% year over year to $711 million. ...

Why is Spotify stock on a tear?

Spotify(NYSE: SPOT)is the world's largest music streaming platform. Its stock has been on a tear this year with a 142% gain so far, which crushes the 23% return in the S&P 500(SNPINDEX: ^GSPC). Record subscriber numbers, strong revenue growth, and surging profits have been contributing factors to the incredible move in Spotify stock. ...

Is Spotify stock a good investment?

Record subscriber numbers, strong revenue growth, and surging profits have been contributing factors to the incredible move in Spotify stock. The company's long-term forecast suggests it still has significant room for growth, which could drive even further returns for investors in the coming years. ...

Why did Spotify stock jump Tuesday?

Spotify stock jumped Tuesday as the company's latest earnings breezed past expectations and delivered its highest profit ever in the second quarter. Net income was €274 million for the quarter, with earnings per share of €1.33. Total revenue jumped 20% year over year to €3.8 billion. ...

What happened to Spotify stock during the regular session?

During the regular session Tuesday, Spotify stock rose 2.2% to close at 419.39. Earlier in the session, Spotify notched a regular-session record high of 419.72. On Sept. 19, Spotify stock broke out of a six-week consolidation pattern at a buy point of 359.38, according to IBD MarketSurge charts. ...

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