Spotify stock gains after earnings as user growth easily tops expectation

Spotify Technology SA’s revenue largely matched expectations in the fourth quarter, though the company delivered better user growth than anticipated.

Spotify’s... Spotify Technology SA’s revenue largely matched expectations in the fourth quarter, though the company delivered better user growth than anticipated. Spotify’s SPOT revenue rose to €3.17 billion from €2.69 billion, while analysts tracked by FactSet were expecting €3.18 billion. Premium revenue was up 18% in the year, driven by subscriber gains, while ad-supported revenue was ahead 14%, buoyed by podcasting.

So - the more subscribers they have, the more money they loose? This 'sounds' like a good business!

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dutch company says U.S., allies near deal to limit chip technology to ChinaU.S., Dutch and Japanese officials are close to an agreement to limit China’s access to technology used to make computer chips, a Dutch semiconductor supply company confirmed Sunday. And people wonder why they want Taiwan back?
Source: MarketWatch - 🏆 3. / 97 Read more »