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Spotify stock gains after earnings as user growth easily tops expectation

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

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.

 

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

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