![]() ![]() Spotify ( SPOT) has been able to maintain a competitive position and keep its Premium plan at $9.99 per month, despite Apple ( AAPL) and Amazon ( AMZN) raising their respective prices to $10.99 per month. White, who also pointed out that Spotify ( SPOT) "is riding a favorable long-term trend" by expanding its audio offerings, moving further into the ad market and improving its cost structure. ![]() "Spotify has also delivered upside in Premium Subscribers, albeit to a lesser degree than MAU."Ĭoncerning the quarterly results, White believes Spotify ( SPOT) will generate revenue of €3.204B, up 12% year-over-year, with an estimated loss of €0.72 per share.Ī consensus of analysts expect the company to lose €0.70 per share on €3.48B in revenue. ![]() "Over the past couple of quarters, Spotify has meaningfully exceeded its MAU guidance," White wrote in an investor note. Spotify ( NYSE: SPOT) is slated to report second-quarter results on July 25 and investment firm Monness, Crespi, Hardt pointed out that the streaming music giant's user growth has been "surprisingly strong."Īnalyst Brian White, who has a buy rating on Spotify ( SPOT ), said he expects the company to have 217M premium subscribers, up 16%, while the total monthly active users were 532M, up 23%. ![]()
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