![]() ![]() Wells Fargo Securities analysts are more bearish as they maintained an Underweight rating and a PT of $153.00 per share. JPMorgan analysts saw results as solid with “most metrics above guidance ex-Russia impact and we are encouraged that Ad Revenue continues to grow 20%+ FXN, suggesting increased podcast ad traction.” The Stockholm-based company expects its user choice billing agreement with Google to launch later in 2022. Spotify said subscriber growth beat expectations when excluding the impact of its exit from Russia, while premium subscriber growth was driven by strong performance in Latin America and Europe. ![]() The gross margin is expected to be 25.2%, compared to the analyst consensus of 27%. It expects a total of 187 million premium subscribers in Q2, below the consensus projection of 189.4 million. ![]() The company expects to report 428 million MAUs, matching the estimated 428.1 million. The company reported a gross margin of 25.2%, compared to 25.5% in the same period last year and in line with the consensus estimates.įor Q2, Spotify expects €2.8 billion in revenue, also in line with analyst estimates of €2.82 billion. Operating loss stood at €6 million, compared to the profit of €14 million in the year-ago quarter and an estimated loss of €60.7 million. SPOT reported EPS of €0.21, compared to the loss per share of €0.25 in the same period last year. The average revenue per user (ARPU) stood at €4.38, above the expected €4.26. The number of premium subscribers totaled 182 million in the period, up 15% YoY and in line with the estimated 182.7 million. Spotify reported 422 million monthly active users in the first quarter, up 19% YoY and above the consensus projection of 417.1 million. Revenue from its premium service totaled €2.38 billion, up 23% YoY, beating the analyst estimates of €2.32 billion. The audio and music streaming service provider reported Q1 revenue of €2.66 billion, up 24% YoY and slightly above the consensus estimates of €2.61 billion. Shares of Spotify (NYSE: SPOT) are down more than 8.5% in premarket trading Wednesday after the company’s monthly active users Q2 forecast met analyst expectations. Claim your 1-week free trial to StreetInsider Premium here. Get instant alerts when news breaks on your stocks. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |