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Spotify Technology S.A. (0SPT.L)
| Previous close | 290.50 |
| Open | 285.60 |
| Bid | 0.00 x N/A |
| Ask | 0.00 x N/A |
| Day's range | 265.85 - 287.50 |
| 52-week range | 118.16 - 287.50 |
| Volume | |
| Avg. volume | 2,385 |
| Market cap | 477.916M |
| Beta (5Y monthly) | 1.65 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.56 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Yahoo Finance Video
Why Spotify's earnings underline gross margin 'sustainability'
Shares of Spotify (SPOT) soared during Tuesday's afternoon trading session,after the company's first-quarter earnings surpassed analysts' estimates. Raymond James Analyst Andrew Marok joins Market Domination Overtime to discuss his bullish stance on Spotify's stock moving forward. "For the first time," Marok says, Spotify has shown they have "a double focus" on growing both users and profitability. Spotify had been "stuck on the gross margin side" for several years, but now it's gaining margins on the operational side due to "a company-wide focus on being cost-conscious," Marok believes as he emphasizes his bullish outlook on the music streamer. Marok highlights that Spotify's earnings have demonstrated "sustainability in its gross margins," attributing the jump to various factors such as "cost efficiencies on streaming delivery," new pricing increases, and "better focus on their marketplace products." He stated that these factors can be "used indefinitely," signaling continued growth in the margin outlook. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Insider MonkeySpotify Technology S.A. (NYSE:SPOT) Q1 2024 Earnings Call Transcript
Spotify Technology S.A. (NYSE:SPOT) Q1 2024 Earnings Call Transcript April 23, 2024 Spotify Technology S.A. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you for standing by. My name is Krista and I’ll be your conference operator today. At […]
ZacksStock Market News for Apr 24, 2024
U.S. stocks closed higher for the second straight session on Tuesday, powered by a tech rally as a batch of solid corporate earnings overshadowed concerns over higher interest rates.
