Summary
Spotify Technology S.A. Misses
Spotify Technology S.A. (SPOT) reported 3rd Quarter September 2024 earnings of $1.73 per share on revenue of $4.4 billion. The consensus earnings estimate was $1.89 per share on revenue of $4.4 billion. The Earnings Whisper number was $2.02 per share. Revenue grew 20.0% on a year-over-year basis.
The company said in its earnings presentation it expects fourth quarter revenue of approximately $4.36 billion. The current consensus revenue estimate is $4.63 billion for the quarter ending December 31, 2024.
Spotify is the world’s most popular audio streaming subscription service with a community of more than 345 million Monthly Active Users and 155 million Premium Subscribers.
Results
Reported Earnings
$1.73
Earnings Whisper
$2.02
Consensus Estimate
$1.89
Reported Revenue
$4.38 Bil
Revenue Estimate
$4.37 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Spotify Technology S.A. Releases Financial Results for Third Quarter 2024
LOS ANGELES--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) has released its financial results for the third quarter of 2024 today. Please visit investors.spotify.com to view the Shareholder Deck and other supplemental materials.
As previously announced, the company will host a live question and answer session to discuss third quarter 2024 financial results at 5:00 p.m. Eastern Time. Daniel Ek, our Founder and Chief Executive Officer, and Christian Luiga our Chief Financial Officer, will be on hand to answer questions submitted through slido.com using the event code #SpotifyEarningsQ324.
What: Spotify Third Quarter 2024 Financial Results Q&A Webcast
When: Tuesday, November 12, 2024
Time: 5:00 p.m. Eastern Time
Q3 2024 Update: https://investors.spotify.com/
Webcast: https://app.webinar.net/VX9Kj1ejZEw
Slido Event Code: #SpotifyEarningsQ324
A live webcast of the earnings call will be accessible at investors.spotify.com and a recording of the webcast will be available following the session.
About Spotify Technology S.A.
Spotify’s platform revolutionized music listening forever when we launched in 2008. Today, more listeners than ever can discover, manage and enjoy over 100 million tracks, more than 6 million podcasts titles, and 350,000 audiobooks a la carte on Spotify. We are the world’s most popular audio streaming subscription service with more than 640 million users, including 252 million subscribers across 184 markets.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241112965239/en/
Investor Relations:
Bryan Goldberg
ir@spotify.com
investors.spotify.com
Public Relations:
Dustee Jenkins
press@spotify.com
Source: Spotify Technology S.A.
