Spotify predicts strong quarter after cost cuts power first annual ...

3 days ago · Feb 4 (Reuters) - Spotify Technology (SPOT.N), opens new tab reported its first annual profit on Tuesday and forecast quarterly earnings above Wall Street estimates, as the Swedish audio-streaming ...

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Spotify Reports First Annual Profit As Premium Subscriber Numbers …

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3 days ago · That left the annual number at €1.4bn, the first yearly profit since Spotify was launched in 2008. Annual revenue jumped 16 per cent to €4.2bn as the company increased …

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Spotify Forecasts Profit Above Estimates On Cost Cuts, Steady User ...

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Nov 12, 2024 · In the third quarter, gross profit jumped 40% to 1.24 billion euros, compared with estimates of 1.22 billion euros. Gross profit margin increased to 31.1% from 29.2% in prior …

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Spotify Forecasts Profit Above Estimates On Cost Cuts, Steady User …

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Nov 13, 2024 · 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 …

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FAQs about Spotify predicts strong quarter after cost cuts power first annual ... Coupon?

Why did Spotify make a profit?

Spotify Technology reported its first annual profit on Tuesday and forecast quarterly earnings above Wall Street estimates, as the Swedish audio-streaming giant benefits from strong user growth, price hikes and a cost-cutting drive. ...

Why did Spotify forecast first-quarter profit above market estimates?

(Reuters) - Spotify forecast first-quarter profit above market estimates on Tuesday as the Swedish audio-streaming giant benefits from steady user growth, price hikes and a cost-cutting drive. ...

Will Spotify's fourth-quarter profit be above Wall Street estimates?

(Reuters) -Audio-streaming giant Spotify (SPOT) forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and strong subscriber growth in the crucial holiday season. Its shares that have more than doubled in value this year rose 8% before the bell on Wednesday. ...

How did Spotify's first-quarter earnings compare to analyst expectations?

Spotify reported first-quarter earnings on Tuesday, notching record quarterly profit and beating estimates on the top and bottom lines, after a year of deep cost cutting and streamlining. Here's how the company did, compared with analyst expectations: Spotify shares jumped more than 10% on the news. ...

How did Spotify perform in Q4 & full-year 2024 earnings?

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 more than 10% on the solid earnings report in early trading Tuesday. ...

Did Spotify hike prices in June last year?

Spotify hiked prices in the U.S. in June last year. Gross profit jumped 40% thanks to a 16% decline in operating expenses. Gross profit margin increased to 32.2% from 31.1% in the prior quarter. ...