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Spotify Shares Surge on Subscriber Gains, 1st Annual Profit

Spotify Shares Surge on Subscriber Gains, First Annual Profit

Spotify Technology SA posted another quarter of better-than-expected subscriber growth, with the Swedish music company recording its first-ever annual profit.

Hosted on MSN · 21h

Spotify forecasts profit above estimates on subscriber growth, price increases

Spotify forecast first-quarter profit above market estimates on Tuesday as the Swedish audio-streaming giant benefits from steady user growth, price hikes and a cost-cutting drive. The company expects operating income of 548 million euros ($566.

The Financial Times · 14h

Spotify reports first annual profit as premium subscriber numbers surge

Annual revenue jumped 16 per cent to €4.2bn as the company increased paying subscribers by 11 per cent to 263mn. Record growth in premium customers helped increase revenue per user by 5 per cent to €4.85 from the previous year, as Spotify also benefited from increasing prices.

MarketWatch on MSN · 19h

Spotify swings to a profit as subscribers top estimates

Spotify Technology S.A. reported a fourth-quarter profit as the music streaming service’s monthly active users climbed by double-digits over the year-ago period, sending shares of the company up sharply higher in premarket trading.

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