Spotify beats earnings expectations as paid subscriptions jump 31% [Toronto Globe and Mail (Ontario, Canada)]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Toronto Globe and Mail
Spotify beats earnings expectations as paid subscriptions jump 31% The Spotify logo is reflected on a screen at the New York Stock Exchange on April 3, 2018. Lucas Jackson/Reuters The Spotify logo is reflected on a screen at the New York Stock Exchange on April 3, 2018. Spotify Technology SA on Wednesday reported a better-than-expected 31 per cent jump in paid music subscribers to 130 million and a 22 per cent rise in revenue in the first quarter, weathering a slowdown in ad sales due to the spread of the coronavirus. Shares of the Swedish music streaming firm rose 2 per cent in trading before the bell. Spotify, which launched its service over a decade ago and faces stiff competition from Apple Inc and Amazon.com Inc, earns by selling music subscriptions and showing ads to free users. “We are fortunate that as a business we are able to operate with very little disruption and our hope is that providing music, information, and an escape for many can provide some joy and comfort,” the
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SPOT
Earnings
- 11/5/25 - Beat
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Sec Filings
- 11/5/25 - Form 6-K
- 11/4/25 - Form 6-K
- 11/4/25 - Form 6-K
- SPOT's page on the SEC website