Spotify Q1 2024 Earnings. Spot) has released its financial results for the first quarter of 2024 today. The reported $1.05 earnings per share (eps) for the quarter, topping the.
Revenue in the quarter increased 19.5%, to €3.64 billion, and gross margin topped guidance by 121 basis points, reaching 27.6%, with gross profit hitting €1.0. Looking ahead to second quarter guidance, we are forecasting 631 million mau, an increase of 16 million from q1;
Streaming Music Leader Spotify Technology ( Spot) On Tuesday Matched Estimates For Subscribers In The First Quarter And Showed Improved Profitability.
Subscribers increased 14% y/y to 239 million.
Monthly Active Users Grew 19% Y/Y To 615 Million.
That’s up from 96 million at the end of 2019, and 75 million a year ago.
Spotify Q1 2024 Earnings Images References :
Following Mass Layoffs In 2023 And.
Spotify technology last announced its quarterly earnings data on april 23rd, 2024.
Wolfe Research Sees Upside In Spotify Stock To $390.
