Spotify: Q2 Earnings Snapshot
By AP News
Published - Jul 23, 2024, 06:21 AM ET
Last Updated - Jul 23, 2024, 06:21 AM EDT
LUXEMBOURG (AP) — LUXEMBOURG (AP) — Spotify Technology SA (SPOT) on Tuesday reported second-quarter net income of $294.9 million.
On a per-share basis, the Luxembourg-based company said it had profit of $1.43.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The music-streaming service operator posted revenue of $4.1 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $4.12 billion.
