Spotify Technology S.A. (SPOT)
Goldman goes bullish on Spotify following knock-out second quarter
Swedish music streaming megacap Spotify Technology SA (NYSE:SPOT) has won a new bull in Goldman Sachs, which has jacked its rating up from neutral to buy following Tuesday's solid second-quarter earnings print. The quarter smashed expectations for Premium subscriber additions and Spotify projected continued operating momentum into the third quarter.
These 2 Growth Stocks Are Finally Churning Out Profits
Uber has bounced back from the pandemic while keeping a lid on costs, pushing operating profit into positive territory. Through layoffs and a push to grow its subscription business, Spotify is on its way to double-digit operating profit margins.
Spotify Smashes Gross Margin Guidance, Analysts Expect 'Continued Momentum'
Shares of Spotify Technology SA SPOT climbed in early trading on Wednesday, after the company reported its second-quarter results.
Spotify stock price: SPOT soars ahead of price hikes; streaming giant sees double-digit growth
Shares of Spotify Technology S.A. (ticker: SPOT) are soaring ahead of the opening bell this morning after the music streaming company announced its Q2 2024 earnings.
Spotify Stock Pops 13% as Cash-Flow Machine Kicks Into Gear
Spotify's margins and cash flow are up big as price increases take hold.
Spotify CEO says company is in ‘early days' of hi-fi audio plans
Spotify CEO Daniel Ek says the streaming service is still in the “early days” of its plans to bring hi-fi support to the platform. During the company's earnings call on Tuesday, the executive offered details about an upcoming deluxe tier.
Spotify Hits Record Q2 Earnings Amid Double-Digit User Growth
In its earnings report released Tuesday (July 23), Spotify showcased a record-breaking second quarter, driven by features in its music offerings such as daylist and AI DJ, alongside expansions into video podcasts and audiobooks. These developments have bolstered user engagement, the company said, reinforcing Spotify's position as a leading platform in the competitive streaming landscape.
Spotify's Q2 Margin Gains, Record Free Cash Flow And Strong Subscriber Growth Highlight Successful Execution In Music And Podcasts: JP Morgan Analyst
JP Morgan analyst Doug Anmuth maintained an Overweight rating on Spotify Technology SPOT.
Spotify Q2: Subscriber Gains With Improved Monetization
Spotify Technology S.A. shows 14% year-over-year growth in monthly active users, highlighting subscriber gains and improved monetization. The company's strategies in podcasts and ad-supported streaming services contribute to subscriber growth and revenue increases. Forecasting 22% revenue growth for FY24, with potential downside risks from competition with Apple Music. Reiterating “Strong Buy” rating with $400 price target.
Spotify's Stock Pops After Streaming-Audio Giant Posts Record Profit
Spotify Technology (SPOT) posted second-quarter results before the bell Tuesday that delivered record profit and offered fresh guidance.
Spotify (SPOT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Spotify (SPOT) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Spotify Technology (SPOT) Q2 2024 Earnings Call Transcript
Spotify Technology S.A. (NYSE:SPOT ) Q2 2024 Earnings Conference Call July 23, 2024 8:00 AM ET Company Participants Daniel Ek - Chairman, Chief Executive Officer Ben Kung - Chief Financial Officer (interim) Bryan Goldberg - Head of Investor Relations Conference Call Participants Operator Hello and welcome to the Spotify Q2 2024 earnings call.
