Spotify Stock Price Reaches New High After First-Ever Annual Profit

4 hours ago · Spotify led all music stocks this week with a 13.6% gain after its fourth-quarter earnings results on Tuesday (Feb. 4) showed that the company posted its first-ever net profit. The streamer’s ...

CouponFollow Extension

6%
OFF

Spotify Stock Price Reaches New High After First-Ever Annual Profit

2 weeks from now

billboard.com

10%
OFF

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

2 weeks from now

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 …

investopedia.com

12%
OFF

Spotify Stock Soars. Earnings Impress Markets As It Posts First

2 weeks from now

The stock climbed 12% to $612.59 in early trading. The benchmark S&P 500 index was up 0.1%. The gains came after Spotify said it had added a record-equaling 11 million net premium …

msn.com

138%
OFF

Spotify Shares Surge On Subscriber Gains, First Annual Profit

2 weeks from now

3 days ago · Spotify shares, which gained 138% last year, rose as much as 11% to a record high of $606.95 as trading got underway in New York. Earlier this year, Spotify launched a new …

yahoo.com

€1
OFF

Spotify Reports First Annual Profit As Premium Subscriber Numbers …

2 weeks from now

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 …

ft.com

$80
OFF

Spotify Stock Is Trading At All-time Highs Just 2 Years After A Record ...

2 weeks from now

Dec 22, 2024 · At the end of 2022, Spotify stock was trading below $80 a share after a disastrous year for investors that erased over $35 billion from the company's market cap. Today, shares …

yahoo.com

6%
OFF

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

2 weeks from now

Nov 13, 2024 · Operating income hit a high of €454 million, an 11.4% margin, setting Spotify firmly on track for its first full year of operating income profitability.Spotify’s User Growth and …

nasdaq.com

3%
OFF

Spotify Q3 Earnings: Subscription Revenue, Operating Profit Grow

2 weeks from now

Nov 12, 2024 · Before trading closed, the stock hit an all-time high of $419.72 and posted its best-ever closing price of $419.48, up 2.3%. The stock closed above $400 for the first time on …

billboard.com

69%
OFF

Why Spotify Technology Stock Jumped Today | The Motley Fool

2 weeks from now

Oct 24, 2023 · Spotify Technology (SPOT 0.69%) delivered better-than-expected earnings results for the third quarter. Investors applauded the news by sending the shares up 9% as of 10:04 …

fool.com

$510.43
OFF

Spotify Share Price Reaches New High As Music Stocks Get Off To …

2 weeks from now

Jan 24, 2025 · Spotify’s share price hit a new high as music stocks overall start 2025 strong. The streamer finished the week at a record closing price of $510.43.

billboard.com

$92
OFF

Spotify Stock Surge: Why Investors Are Buying Despite High Prices

2 weeks from now

Nov 15, 2024 · On the other hand, Spotify stock trades at a new 52-week high backed by recent earnings momentum and has reached a market capitalization of up to $92 billion to lead Sirius …

marketbeat.com

FAQs about Spotify Stock Price Reaches New High After First-Ever Annual Profit Coupon?

Why did Spotify (spot) stock rise Tuesday?

Spotify (SPOT) stock soared Tuesday after the company reported strong user metrics and its first full-year profit. Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions. ...

How did Spotify's Q4 earnings affect music stocks?

Led by Spotify's 13.6% increase, the Billboard Global Music Index improved 7.7% to a record 2,635.41. potify led all music stocks this week with a 13.6% gain after its fourth-quarter earnings results on Tuesday (Feb. 4) showed that the company posted its first-ever net profit. ...

What did analysts expect from Spotify's earnings in 2023?

Analysts were expecting earnings of $1.99 a share on earnings of €4.15 billion ($4.28 billion). The results mean Spotify reported a full-year profit for the first time ever, with price hikes boosting its margins and sizable layoffs from 2023 helping the company to cut costs. The streamer’s guidance also looked strong. ...

Is Spotify a good stock to buy in 2024?

Now that Spotify has a full-year profit under its belt, investors can start valuing its stock using the price-to-earnings (P/E) ratio. Based on the company's earnings per share of $5.74 in 2024, the stock trades at a P/E ratio of 109 as of this writing. That is extremely high -- by comparison, the S&P 500 index trades at a P/E ratio of 25.5. ...

How has Spotify changed over the past year?

Over the past year, it launched features like AI Playlist, which allows users to enter a text-based prompt referencing a color, a place, or even an emoji, and it will instantly generate a list of songs to match. Second, Spotify continues to expand its content catalog beyond music. ...

How much is Spotify worth?

A week ago, Spotify was worth nearly as much as the three major music groups. As of Friday, after gaining another 13.6%, Spotify is worth more than Universal Music Group (UMG), Sony Music and Warner Music Group (WMG) combined. ...