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Spotify Technology S.A. (SPOT)
After hours:
| Previous close | 272.24 |
| Open | 301.13 |
| Bid | 303.31 x 800 |
| Ask | 303.41 x 800 |
| Day's range | 298.50 - 319.30 |
| 52-week range | 128.67 - 319.30 |
| Volume | |
| Avg. volume | 2,039,211 |
| Market cap | 60.155B |
| Beta (5Y monthly) | 1.65 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -2.91 |
| Earnings date | 23 Apr 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 293.08 |
- 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
- Yahoo Finance Video
Spotify stock swings higher on Q1 earnings, profit beats
Spotify (SPOT) shares are bumping in Tuesday pre-market trading after the music streamer topped first-quarter earnings estimates. On top of boasting gains of 0.97 euros per share and 3.64 billion euros in revenue (roughly $1.04 per share and $3.89 billion when converted to USD), Spotify reported a profitable first quarter. Yahoo Finance Media Reporter Alexandra Canal details Spotify's first-quarter figures, focusing on what leadership attributes to monthly active users (MAU) falling behind estimates. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
BenzingaSpotify's First Quarter Tells A Story Of Record Profit And An Epic Win
After a year with of layoffs and activist attention that triggered many changes, Spotify Technology S.A. (NYSE: SPOT) managed to surpass both top and bottom estimates. Moreover, the streaming giant reported record first quarter earnings as the result of efficient cost-cutting initiatives that also brought significant margin improvements. First Quarter Financials Shows That A Shift In Focus Paid Off For the quarter ended in March, Spotify reported revenue rise 20% YoY to 3.64 billion euros, surpa
