Spotify shares surge after surprise profit, rise in paid users

Oct 28, 2019 · The Swedish company, which has outstripped Apple Music in the race to dominate music streaming globally, said its number of premium subscribers had risen by 26 million in …

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Spotify Stock Surges As Streaming Giant Posts Record Profits

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Jul 23, 2024 · It swung to a profit of EUR274 million, or EUR1.33 per share, after losing EUR302 million in the year-earlier quarter. ... Spotify's higher sales were driven by a 12% increase in its …

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Spotify Stock Jumps As Streaming Giant Hits First Full Year Of ...

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3 days ago · Spotify shares are jumping almost 10% in premarket trading Tuesday, after the Swedish audio streaming giant posted its first full-year profit and quarterly revenue that beat …

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Spotify Surprises With Q3 Profit, Sees 10% Stock Surge - The …

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Oct 24, 2023 · Spotify surprised investors with its first quarterly profit in a year and a half, leading to a 10% increase in its stock value. The music streaming giant reported a profit of €65 million …

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Spotify Stock Jumps As More Users Flock To Music Streamer

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3 days ago · The streaming music giant earned the equivalent of $1.88 a share on sales of $4.53 billion in the December quarter. Analysts polled by FactSet had expected earnings of $2.07 a …

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Spotify Stock Surges As Streaming Giant Posts Record Profits - MSN

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It swung to a profit of €274 million, or €1.33 per share, after losing €302 million in the year-earlier quarter. ... Spotify’s higher sales were driven by a 12% increase in its subscriber ...

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FAQs about Spotify shares surge after surprise profit, rise in paid users Coupon?

Why did Spotify stock surge the most in two years?

(Bloomberg) -- Spotify Technology SA shares surged the most in almost two years after the audio-streaming giant reported it swung to a profit in the first quarter, as the company boosted subscribers and added new features. Most Read from Bloomberg ...

Why did Spotify's shares rise 10 per cent?

Shares in the Stockholm-based company rose 10 per cent after it forecast higher operating income for the first quarter. Operating income was slightly below the company’s guidance in the fourth quarter at €477mn. That left the annual number at €1.4bn, the first yearly profit since Spotify was launched in 2008. ...

Does Spotify make a profit?

Streaming platform Spotify posted its first annual operating profit since its launch more than 16 years ago after it grew the number of paying subscribers and cut costs. Shares in the Stockholm-based company rose 10 per cent after it forecast higher operating income for the first quarter. ...

Why did Spotify Technology SHARES surge 13% in a pre-market session?

Spotify Technology shares surged 13% in Tuesday’s pre-market session after the Swedish streaming giant posted record profits driven by successful cost-cutting measures and strong growth in its premium subscription business. ...

How did Spotify increase revenue?

Annual revenue jumped 16 per cent to €4.2bn as the company increased paying subscribers by 11 per cent to 263mn. Record growth in premium customers helped increase revenue per user by 5 per cent to €4.85 from the previous year, as Spotify also benefited from increasing prices. ...

Why did Spotify (spot) stock pop?

Spotify (SPOT) shares pop after the company reported fourth quarter earnings results, with its first full-year profit and revenue beating expectations due to subscriber growth. ...