Spotify (SPOT) Reports Q1 Earnings: What Key Metrics Have to Say
SPOTSpotify(SPOT) Zacks Investment Research·2024-04-23 22:36

For the quarter ended March 2024, Spotify (SPOT) reported revenue of 3.95billion,up213.95 billion, up 21% over the same period last year. EPS came in at 1.05, compared to -1.24intheyear−agoquarter.Thereportedrevenuerepresentsasurpriseof+2.051.24 in the year-ago quarter. The reported revenue represents a surprise of +2.05% over the Zacks Consensus Estimate of 3.87 billion. With the consensus EPS estimate being $0.63, the EPS surprise was +66.67%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ne ...