SPOT - Spotify Analysts Boost Their Forecasts After Q1 Earnings | Benzinga
Spotify Technology SA (NYSE:SPOT) reported upbeat earnings for its fiscal first quarter 2024 on Tuesday.
The company posted revenue growth of 20% year-on-year to $3.95 billion (3.64 billion euros), beating the consensus of $3.85 billion. EPS of $1.05 (97 cents) beat the consensus of 70 cents, according to data from Benzinga Pro.
Premium Revenue grew 20% year over year to 3.25 billion euros, helped by subscriber additions and ARPU increases. Total MAUs (Monthly ...