Loading...
Market
What will Spotify's EPS be for Q3 2024?
3
Resolution / Starting Odds
Less than €1.20 • 25%
€1.20 to €1.29 • 25%
€1.30 to €1.39 • 25%
€1.40 or more • 25%
Spotify's official Q3 2024 earnings report
Story
Spotify Reports Record Profit in Q2, Revenue Hits €3.8B, Shares Surge 15%
Jul 23, 2024, 11:01 AM
Spotify reported strong Q2 2024 earnings, with total revenue up 20% year-over-year to €3.8 billion, matching estimates. The company saw a 14% increase in monthly active users (MAUs) to 626 million, slightly below the estimated 631.46 million. Premium subscribers grew by 12% year-over-year to 246 million, surpassing the estimated 245.2 million. The gross margin improved to 29.2%, exceeding the expected 28.1%. Spotify achieved an operating income of €266 million, compared to a loss of €247 million in the same period last year. Earnings per share (EPS) were €1.33, beating the estimate of €1.05. Following the earnings report, Spotify shares surged by as much as 15% pre-market. The company attributed its record profit and improved cash flow to price increases and cost-cutting measures.
View original story
Similar markets
Below €1.00 • 25%
Between €1.00 and €1.25 • 25%
Between €1.25 and €1.50 • 25%
Above €1.50 • 25%
Below €1.50 • 25%
Between €1.50 and €1.60 • 25%
Between €1.60 and €1.70 • 25%
Above €1.70 • 25%
Below €4.00 billion • 25%
Between €4.00 billion and €4.10 billion • 25%
Between €4.10 billion and €4.20 billion • 25%
Above €4.20 billion • 25%
Below €200 million • 25%
Between €200 million and €250 million • 25%
Between €250 million and €300 million • 25%
Above €300 million • 25%
Less than $4.50 • 25%
$4.50 - $4.75 • 25%
$4.76 - $5.00 • 25%
More than $5.00 • 25%
Below 250 million • 25%
Between 250 million and 255 million • 25%
Between 255 million and 260 million • 25%
Above 260 million • 25%
Below 10% • 25%
Between 10% and 12% • 25%
Between 12% and 14% • 25%
Above 14% • 25%
Below $4.50 • 25%
$4.50 - $4.74 • 25%
$4.75 - $4.99 • 25%
$5.00 or above • 25%
Below $4.00 • 25%
$4.00 to $4.23 • 25%
$4.24 to $4.50 • 25%
Above $4.50 • 25%
Increase by more than 5% • 25%
Decrease by more than 5% • 25%
No change • 25%
Increase or decrease by less than 5% • 25%