Spotify (SPOT) Reports Q4 Earnings: What Key Metrics Have to Say

Spotify SPOT reported $3.95 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 22.3%. EPS of -$0.39 for the same period compares to -$1.43 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $3.96 billion, representing a surprise of -0.11%. The company delivered an EPS surprise of -387.50%, with the consensus EPS estimate being -$0.08.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Spotify performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total Monthly Active Users (MAUs): 602 million versus 600.95 million estimated by five analysts on average.
  • Premium Subscribers: 236 million versus the five-analyst average estimate of 234.94 million.
  • Ad-Supported MAUs: 379 million versus the four-analyst average estimate of 377.24 million.

Shares of Spotify have returned +13.2% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

 

Zacks Investment Research

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewscontributorsmusic streamingstreaming
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!