Spotify Technology S.A. Announces Financial Results for Fourth Quarter 2018
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: Business Wire
NEW YORK--(BUSINESS WIRE)-- Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the fourth fiscal quarter of 2018 ending December 31, 2018. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190206005298/en/ Dear Shareholders, Results for Q4 2018 outperformed our expectations and, for the first time in company history, Operating Income, Net Income, and Free Cash Flow were all positive. MONTHLY ACTIVE USERS MAUs grew 29% Y/Y to 207 million, outperforming the high end of our 199-206 million MAU guidance range. This outperformance was broad based, with growth in most markets exceeding our expectations, primarily as a result of improved retention relative to our forecast. Latin America and other emerging regions continue to see especially strong growth. During Q4 our footprint expanded to 78 countries from
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News
- Spotify CEO says layoffs brought 'more' disruption than expected but were 'right strategic decision' [FOX Business Network]FOX Business Network
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Guggenheim from $290.00 to $350.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at HSBC Holdings plc from $310.00 to $355.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Bank of America Co. from $315.00 to $370.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Barclays PLC from $335.00 to $350.00. They now have an "overweight" rating on the stock.MarketBeat
SPOT
Earnings
- 4/23/24 - Beat
SPOT
Sec Filings
- 4/24/24 - Form 144
- 4/24/24 - Form 6-K
- 4/24/24 - Form 144
- SPOT's page on the SEC website