Categories AlphaGraphs, Earnings, Leisure & Entertainment
Infographic: Highlights of Spotify’s (SPOT) Q3 2022 earnings
Spotify Technology S.A. (NYSE: SPOT) reported a double-digit increase in revenues for the third quarter of 2022. However, the music streaming platform incurred a loss during that period.
The Sweden-based company reported total revenues of €3.04 billion for the third quarter, which is up 21% from the year-ago period. It had around 456 million monthly active users at the end of the quarter, up 20% from the prior-year period. There was a 13% increase in the number of premium subscribers.
Meanwhile, Spotify incurred a net loss of €166 million or €0.99 per share in the September quarter, compared to a net profit of €2 million in the year-ago period.
Check this space to read management/analysts’ comments on Spotify’s Q3 results
During the quarter, the company launched the first iteration of Audiobooks in the Spotify app for listeners in the United States and announced the acquisition of interactive music trivia game, Heardle.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Infographic: Key metrics from Estee Lauder’s (EL) Q3 2024 earnings results
The Estee Lauder Companies Inc. (NYSE: EL) reported its third quarter 2024 earnings results today. Net sales were $3.94 billion, up 5% from the prior-year quarter. Organic sales increased 6%.
YUM Earnings: Key quarterly highlights from Yum! Brands’ Q1 2024 financial results
Yum! Brands, Inc. (NYSE: YUM) reported first quarter 2024 earnings results today. Total revenues decreased 3% year-over-year to $1.59 billion. Same-store sales declined 3%. Net income increased 5% to $314
Pfizer (PFE) Q1 2024 Earnings: Key financials and quarterly highlights
Pfizer Inc. (NYSE: PFE) reported first quarter 2024 earnings results today. Revenues decreased 20% year-over-year to $14.8 billion. Reported net income declined 44% to $3.1 billion, or $0.55 per share,