• Spotify Technology SA SPOT.N reported quarterly adjusted earnings of €1.76​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of twenty six analysts for the quarter was for earnings of €1.99 per share. Wall Street expected results to range from €1.50 to €2.56 per share.

• Revenue rose 15.6% to €4.24 billion from a year ago; analysts expected €4.19 billion.

• Spotify Technology SA's reported EPS for the quarter was €1.76​.

• The company reported quarterly net income of €367 million.

• Spotify Technology SA shares had risen by 22.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.8% in the last three months.​

• In the last 30 days, seven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy," 10 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the online services peer group is also "buy"

Wall Street's median 12-month price target for Spotify Technology SA is $519.09

This summary was machine generated from LSEG data February 4 at 02:31 p.m. UTC. ​All figures in euros unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)