SPOTIFY TECHNOLOGY:Q3业绩超预期 毛利率实现中期目标水平

中金公司
14 Nov 2024

业绩回顾3Q24 营业利润好于我们预期Spotify 公布3Q24 业绩:收入39.9 亿欧元,同增18.8%;营业利润4.5 亿欧元,净利润3.0 亿欧元。公司营业利润好于我们预期(4.05 亿欧元)及市场一致预期(3.94 亿欧元),我们认为主要系公司提价、产品捆绑等措施致成本控制超预期。发展趋势用户增长提速,ARPPU 环比提升,订阅收入持续高增;广告业务有所压力。用户端,3Q24 公司...

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