Spotify earnings preview: Investors eye potential price hikes with profits in focus

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Spotify Notícia

Gross Margin,Gross Margins,Adjusted Basis

Spotify will report first quarter earnings before the bell on Tuesday. Here's what to know.

) is set to report its fiscal first quarter earnings on Tuesday before the bell. Wall Street expects the music streamer to swing to a profit on an adjusted basis as the company continues to implement itsOver the past year, Spotify has committed to multiple rounds of layoffs in addition to price increases and other initiatives to boost top-line growth and improve margins.

Wall Street analysts have been bullish on Spotify after the audio giant pledged to improve its profitability beginning in 2023 on a gross margin and operating income basis. "We think the change is welcome given Spotify's renewed focus on profitability," Nollen said. Red Lobster is seeking advice from a law firm on whether to file for Chapter 11 bankruptcy following a difficult few years for the chain."Equities had a strong first quarter 2024, so the fact that stocks are consolidating and even drifting lower is not entirely a surprise."DNB Asset Management, the asset manager of Norway’s largest bank, disclosed the moves in a filing with the SEC.

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