Categories AlphaGraphs, Earnings, Technology

Infographic: Highlights of Spotify’s (SPOT) Q1 2022 earnings

Music streaming platform Spotify Technology S.A. (NYSE: SPOT) reported a 24% increase in revenues for the first quarter of 2022, resulting in a sharp increase in net profit. The numbers also surpassed analysts’ forecasts.

Spotify Q1 2022 earnings infographic

The Sweden-based company reported total revenues of €2.66 billion for the first quarter, which is up 24% from the year-ago period. The top line also beat Wall Street’s estimates. It had around 422 million monthly active users at the end of the quarter, up 19% from the prior-year period. There was a 15% increase in the number of premium subscribers.

Reflecting the positive top-line performance, net income increased to €131 million or €0.21 per share in the first quarter from €23 million in the year-ago period.


Check this space to read management/analysts’ comments on Spotify’s Q1 results


During the quarter, the company announced the acquisition of Podsights, a leading podcast advertising measurement service that helps advertisers better measure and scale their podcast advertising. It also purchased Chartable, a podcast analytics platform that enables publishers to know and grow their podcast audiences through promotional attribution and audience insight tools.

Prior Performance

  • Spotify reports Q3 2021 earnings results

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

JetBlue Airways (JBLU) Q4 2022 Earnings: Key financials and quarterly highlights

JetBlue Airways Corporation (NASDAQ: JBLU) reported fourth quarter 2022 earnings results today. Total operating revenues increased 32% year-over-year to $2.4 billion.   Net income amounted to $24 million, or $0.07

AAL Q4 2022 Report: Highlights American Airlines earnings

American Airlines Group (NASDAQ: AAL) announced fourth-quarter 2022 financial results on Thursday, reporting a sharp increase in revenues. The company turned profit from a loss last year. Total operating revenues

LUV Earnings: A snapshot of Southwest Airlines’ Q4 2022 report

Southwest Airlines Co. (NYSE: LUV) on Thursday announced financial results for the fourth quarter of 2022, reporting a net loss and a double-digit increase in revenues. Total operating revenue was

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top