Categories AlphaGraphs, Earnings, Leisure & Entertainment
SPOT Infographic: Spotify loss widens in Q4 despite strong revenue growth
Spotify Technology S.A. (NYSE: SPOT) reported a wider net loss for the fourth quarter of 2022 when the music streaming platform’s revenues increased by 18%.
The Sweden-based company reported total revenues of €3.17 billion for the fourth quarter, which is up 18% from the year-ago period. It had around 489 million monthly active users at the end of the quarter, up 20% from the prior-year period. There was a 14% increase in the number of premium subscribers.
Meanwhile, Spotify incurred a net loss of €270 million or €1.40 per share in the December quarter, compared to a loss of €39 million or €0.21 per share in the year-ago period.
Check this space to read management/analysts’ comments on Spotify’s Q4 results
The company also provided revenue and subscriber guidance for the first quarter of 2023.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
TC BioPharm develops safer, less expensive products to target more cancers: CEO Bryan Kobel
TC BioPharm (NASDAQ: TCBP) is a clinical-stage cell therapy company focused on the development of treatments for infectious diseases, including advanced allogeneic chimeric antigen receptor (CAR) T-cell therapy products for
Cintas Corp. (CTAS) Q3 2023 earnings and revenue increase
Uniform rental company Cintas Corporation (NASDAQ: CTAS) on Wednesday announced financial results for the third quarter of 2023, reporting higher earnings and revenues. At $2.19 billion, third-quarter revenues were up
Infographic: Micron (MU) reports net loss for Q2; revenue down 53%
Micron Technology Inc. (NASDAQ: MU) slipped to a loss in the second quarter of 2023 from a profit last year, hurt by a sharp fall in revenues. The chipmaker reported