$SPOT Stock Update

Earnings loss of $1.26, analysts’ expectations for a loss of 16 cents. Its revenue of $2.04 billion, missing expectations for $2.09 billion.

Spotify reported a better-than-expected rise in premium subscribers – 124 million subscribers to its premium ad-free service – 2 million ahead of analyst estimates.

Spotify acquired the Ringer in bid to further expand beyond music and capture more podcast growth.

Be the first to comment

Leave a Reply