Spotify earnings preview: Wall Street focused on improving margins amid profitability push

) is set to report its fiscal third quarter earnings on Tuesday before the bell as the music streaming platform aims to improve profitability through reduced podcasting investments and recently implemented price hikes.to a Q3 boost in gross margins to 26% "primarily driven by year-over-year improvement in podcasting and other costs of revenue." This would represent a major breakthrough after margins have been stuck between 21% and 25% in recent quarters.

"We think SPOT will guide Q4 margins above Street and closer to our estimates," Wells Fargo analyst Steve Cahall wrote in a new note to clients ahead of the report. Cahall anticipates margins of 26.8%, slightly above Wall Street's 26.1% expectation. Flash forward to today, however, and the company seems to be fulfilling that profitability promise. In addition to the price hikes, Spotify has committed to various cost-cutting initiatives over the past year, which have included

Kevin Paffrath slammed Elon Musk's comments on Tesla's third quarter earnings call in an interview with Yahoo Finance this week.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Wall Street analysts on impact of rising yields on stocksSeveral Wall Street analysts, including Morgan Stanley's Mike Wilson and RBC Capital Markets' Lori Calvasina, published notes illustrating stock market risks...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street drifts lower as pressure rises from the bond marketNEW YORK (AP) — Wall Street is drifting lower in early trading as pressure from the bond market continues to build. The S&P 500 was down 0.5% early Monday. The Dow lost 171 points, and the Nasdaq composite was off 0.6%.
Source: SooToday - 🏆 8. / 85 Read more »

Microsoft Q1 earnings preview: Wall Street looks for signs of AI-powered growthMicrosoft will report its Q1 earnings after the bell on Thursday, as investors look for signs that its AI investments are paying off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Wall St opens lower as 10-yr yield hits 5%; Big Tech earnings in focusKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »