Spotify shares pop on better-than-expected profit forecast
Shares of Spotify rose in after-hours trading as investors focused on the company’s profit forecast more than third-quarter results.
Spotify Posts Third Consecutive Quarterly Profit
Spotify posted a third consecutive quarterly profit and is on track to be in the black for the full year for the first time. After years of rapid subscriber growth and efforts to expand beyond music streaming into broader audio offerings such as podcasts and audiobooks,
Spotify Stock Pops as Subscribers Jump
Spotify (SPOT) added more subscribers than expected in the third quarter, sending shares higher after the bell Tuesday. Monthly active users climbed 11% year-over-year to 640 million, and premium subscriptions came in at 252 million,
Spotify Adds Subscribers As Q3 Revenue Grows, Stock Pops
Music streaming giant Spotify grew monthly active users and premium subscribers last quarter, beating forecasts, as the stock rose 9% after the numbers.
Spotify's Q3 Profit Quadruples as Streamer Tops 250 Million Subscribers
Spotify surpassed the 250 million subscriber milestone and saw its net income more than quadruple during the third quarter, the music streaming heavyweight reported on Tuesday. Wall Street seemed to like what it was hearing,
Spotify Stock Jumps After Third-Quarter Subscriber Beat
Streaming music leader Spotify beat expectations for subscribers and total users in the third quarter. Spotify stock surged in extended trading.
Spotify forecasts profit above estimates on cost cuts, steady user growth
Audio-streaming giant Spotify forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and ...
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Spotify projects first full year of profitability ever
Spotify on Tuesday said it anticipates reaching profitability for the full year in 2024, which would mark the company's first ...
Spotify woos video and podcast creators with new tools to better compete with YouTube
Starting in January in the U.S. and other markets, Spotify Premium users will be able to see ad-free videos, and video ...
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Spotify cruises past quarter-of-a-billion subscribers, as it eyes $1.5bn annual operating profit in 2024
Spotify is on course to achieve its first-ever full year as a profitable company – to the tune of USD $1.5 billion. The ...
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 ...
Spotify’s Strong Financial Performance and Strategic Initiatives Drive Buy Rating
Robert W. Baird analyst Vikram Kesavabhotla has maintained their bullish stance on SPOT stock, giving a Buy rating yesterday. Vikram ...
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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 shares rise on subscriber gain, margin estimates
Spotify Technology SA shares jumped Wednesday morning after the music streaming service reported third-quarter growth in ...
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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 ...
Spotify Delivers a Strong Encore
Ahead of its third-quarter report Tuesday afternoon, Spotify was up 123% for the year and has quintupled over the past two.
Spotify Subscription Revenue Soars in Q3, Operating Profit Hits Record High
Spotify's Q3 earnings shows that subscription revenue and operating profit grew during the quarter following cost-cutting measures.