Spotify Technology S.A. SPOT reported second-quarter losses of 47 cents per share, which missed the analyst consensus estimate of a loss of 35 cents. This is a 81.71% increase over losses of $2.57 per share from the same period last year.
The company reported quarterly sales of $1.85 billion, which beat the analyst consensus estimate of $1.84 billion. This is a 24.24% increase over sales of $1.489 billion the same period last year.
Total monthly active users in the second quarter were up 29% year over year to 232 million.
Spotify shares were trading down 4% at $149 in Wednesday’s pre-market session. The stock has a 52-week high of $196.95 and a 52-week low of $103.29.
Related Links:
Spotify Investors Show Concern Following Report Apple Could Pay Podcasters
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.