Spotify swings to a profit as subscribers top estimates

Dow Jones

04 Feb

MW Spotify swings to a profit as subscribers top estimates

By Steve Gelsi

User growth of 12% powers revenue past 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.

Spotify (SPOT) said it expects to add 3 million net new monthly active users (MAUs) to 678 million by the end of the first quarter. That's a little bit above the FactSet consensus estimate of 677 million.

Spotify ended the fourth quarter with about 675 million monthly active users, up 12% from the year-ago period and ahead of the previous quarter by 5%.

Spotify's monthly active user figure of 675 million also beat the Wall Street analyst consensus estimate of 664 million.

Spotify also swung to a profit of EUR1.76 a share from a loss of EUR0.36 in the year-ago quarter. The company was expected to earn EUR1.99 a share.

The company said its fourth-quarter revenue rose to EUR4.24 billion, ahead of the FactSet consensus estimate of EUR 4.15 billion.

Looking ahead, Spotify projected first-quarter revenue of EUR4.2 billion, slightly below the analyst estimate of just under EUR4.3 billion.

Spotify's stock was up 8.8% in premarket trading.

(This is a developing news story with updates to come.)

-Steve Gelsi

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 04, 2025 07:25 ET (12:25 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The company was expected to earn  EUR1.99 a share. \n</p>\n<p>\n     The company said its fourth-quarter revenue rose to EUR4.24 billion, ahead of the FactSet consensus estimate of  EUR 4.15 billion. \n</p>\n<p>\n     Looking ahead, Spotify projected first-quarter revenue of EUR4.2 billion, slightly below the analyst estimate of just under EUR4.3 billion. \n</p>\n<p>\n     Spotify's stock was up 8.8% in premarket trading. \n</p>\n<p>\n     (This is a developing news story with updates to come.) \n</p>\n<p>\n     -Steve Gelsi \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 04, 2025 07:25 ET (12:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2362541273.HKD","symbol_name":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508545372","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508545372","pubTimestamp":1738671900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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.Spotify  said it expects to add 3 million net new monthly active users  to 678 million by the end of the first quarter. 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That's a little bit above the FactSet consensus estimate of 677 million. \n\n\n     Spotify ended the fourth quarter with about 675 million monthly active users, up 12% from the year-ago period and ahead of the previous  quarter by 5%. \n\n\n     Spotify's monthly active user figure of 675 million also beat the Wall Street analyst consensus estimate of 664 million. \n\n\n     Spotify also swung to a profit of  EUR1.76 a share from a loss of EUR0.36 in the year-ago quarter. The company was expected to earn  EUR1.99 a share. \n\n\n     The company said its fourth-quarter revenue rose to EUR4.24 billion, ahead of the FactSet consensus estimate of  EUR 4.15 billion. \n\n\n     Looking ahead, Spotify projected first-quarter revenue of EUR4.2 billion, slightly below the analyst estimate of just under EUR4.3 billion. \n\n\n     Spotify's stock was up 8.8% in premarket trading. \n\n\n     (This is a developing news story with updates to come.) \n\n\n     -Steve Gelsi \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 04, 2025 07:25 ET (12:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}