Spotify surges 17% after reporting 31% jump in paid subscribers amid coronavirus lockdowns - Business Insider

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Spotify surges 17% after reporting 31% jump in paid subscribers amid coronavirus lockdowns

The company reported fiscal first quarter earnings that beat earnings-per-share estimates but missed revenue estimates, and lowered its fiscal year 2020 revenue guidance.GAAP earnings per share: 286 million, versus the 283 million estimate€7.65 billion to €8.05 billion, versus the €8.19 billion estimate

For example, podcasts saw a decline in listens as fewer people travel to work, but music saw a double-digit increase in listens across activities like cooking, doing chores, family time, and relaxing at home. Tim Bratz went from flipping $14,000 houses to a 3,472-unit portfolio worth $275 million. Here's the 'amazing' investment strategy he employs to build his long-term wealth.

 

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