SPOT - These Analysts Increase Their Forecasts On Spotify After Q4 Results | Benzinga
Spotify Technology SA (NYSE: SPOT) reported an increase in sales for the fourth quarter.
The company reported fourth-quarter FY23 revenue growth of 16% year-on-year to €3.67 billion ($3.95 billion), missing the consensus of $4.06 billion. EPS loss of €(0.36) or $(0.39) missed the consensus loss of $(0.14), according to data from Benzinga Pro.
Total MAUs (Monthly Active Users) rose 23% Y/Y to 602 million. Ad-supported MAUs grew a whopping 28% y/y to 379 million. Premium Subscribers grew 15% Y/Y ...