Shares of Spotify Technology SPOT decreased 9.2% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were down 36.36% year over year to ($0.30), which beat the estimate of ($0.48).
Revenue of $2,589,000,000 up by 27.04% year over year, which beat the estimate of $2,580,000,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Apr 28, 2021
Time: 08:00 AM
Technicals
Company's 52-week high was at $387.44
52-week low: $139.01
Price action over last quarter: down 15.42%
Company Profile
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.
© 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.