{"id":5012,"date":"2023-10-24T12:22:22","date_gmt":"2023-10-24T12:22:22","guid":{"rendered":"https:\/\/infundpros.com\/markets\/stocks\/spotify-stock-whipsaws-on-q3-results-q4-outlook\/"},"modified":"2023-10-24T12:22:22","modified_gmt":"2023-10-24T12:22:22","slug":"spotify-stock-whipsaws-on-q3-results-q4-outlook","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=5012","title":{"rendered":"Spotify stock whipsaws on Q3 results, Q4 outlook"},"content":{"rendered":"
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\u00a9 Reuters. Spotify (SPOT) stock pops on solid Q4 outlook<\/span>
\n<\/i>\n<\/div>\n

(Updated – October 24, 2023 6:26 AM EDT)<\/p>\n

Spotify (NYSE:) shares were trading between positive and negative territory in early Tuesday trade after the streaming company despite a better-than-expected outlook for the fourth quarter.<\/p>\n

At 06:25 EST (11:25 GMT), the stock was down 2.3%.<\/p>\n

Earnings per share came in at \u20ac0.33, significantly better than the expected loss of \u20ac0.22 per share. Quarterly revenue reached \u20ac3.36 billion, exceeding the consensus estimate of \u20ac3.33 billion.<\/p>\n

The company said it had 574 million monthly active users (MAUs) at the end of the quarter, up 26% YoY. Analysts were looking for 572.3 MAUs. For the fourth quarter, Spotify anticipates MAUs to be 601 million, ahead of the expected 598.3 million.<\/p>\n

The number of total premium subscribers rose by 16% to 226 million and is expected to increase by 9 million by the end of the current quarter.<\/p>\n

Spotify said it expects to report Q4 revenue of \u20ac3.7 billion.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Spotify (SPOT) stock pops on solid Q4 outlook (Updated – October 24, 2023 6:26 AM EDT) Spotify (NYSE:) shares were…<\/p>\n","protected":false},"author":1,"featured_media":5013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":{"0":"post-5012","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nSpotify stock whipsaws on Q3 results, Q4 outlook | inFundPros<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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