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Spotify (SPOT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Spotify (SPOT - Free Report) reported $4.38 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 20%. EPS of $1.59 for the same period compares to $0.36 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.37 billion, representing a surprise of +0.36%. The company delivered an EPS surprise of -9.14%, with the consensus EPS estimate being $1.75.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Spotify performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Monthly Active Users (MAUs): 640 million versus the four-analyst average estimate of 639.15 million.
Ad-Supported MAUs: 402 million versus 402.09 million estimated by four analysts on average.
Premium Subscribers: 252 million versus 250.97 million estimated by four analysts on average.
Shares of Spotify have returned +10.1% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Spotify (SPOT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Spotify (SPOT - Free Report) reported $4.38 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 20%. EPS of $1.59 for the same period compares to $0.36 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.37 billion, representing a surprise of +0.36%. The company delivered an EPS surprise of -9.14%, with the consensus EPS estimate being $1.75.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Spotify performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Monthly Active Users (MAUs): 640 million versus the four-analyst average estimate of 639.15 million.
- Ad-Supported MAUs: 402 million versus 402.09 million estimated by four analysts on average.
- Premium Subscribers: 252 million versus 250.97 million estimated by four analysts on average.
View all Key Company Metrics for Spotify here>>>Shares of Spotify have returned +10.1% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.