While its growing user base and profitability are good signs, its incredible pricing power capabilities are. Report of proposed sale of securities.
The company noted price increases helping to boost. The software maker reported $0.12 earnings per share (eps) for the quarter, beating the consensus estimate of $0.08 by $0.04.
Isn't One Of The 30 Most Popular Stocks Among Hedge Funds At The End.
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The Company Also Recorded A 23% Yoy Surge In Monthly.
The company also reported revenue of $3.95 billion (€3.64 billion), beating the zacks consensus estimate by 2.05% and showing a 21.2% increase compared to q1.
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For The Quarter Ended March 2024, Spotify (Spot) Reported Revenue Of $3.95 Billion, Up 21% Over The Same Period Last Year.
The spotify premium individual plan is increasing by $1, from $10.99 to $11.99 per month, according to the company’s updated price listings.
An Impressive Beginning To 2024 Sees Spotify Fuelling Monetization To Grow Their Earnings As They Optimise Artist Payouts.
Streaming music leader spotify technology ( spot) on tuesday matched estimates for subscribers in the first quarter and showed improved profitability.
