Shares of Spotify Technology SPOT decreased 5.4% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share were up 38.28% over the past year to ($0.79), which missed the estimate of ($0.67).
Revenue of $2,585,000,000 higher by 24.40% from the same period last year, which missed the estimate of $2,590,000,000.
Guidance
Q1 revenue expected between $2,373,000,000 and $2,611,000,000.
How To Listen To The Conference Call
Date: Feb 03, 2021
Time: 08:00 AM
Price Action
52-week high: $370.95
52-week low: $109.18
Price action over last quarter: Up 36.31%
Company Overview
Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with over 150 million total listeners. The firm monetizes its users through both a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 90% and 10% of Spotify's 2017 total revenue, respectively.
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