Spotify Technology Reports Adj. Operating Income In Q4; Issues Q1 Outlook
From RTTNews:
Spotify Technology S.A. (SPOT) reported a fourth-quarter net loss of 70 million euros, a significant improvement from the 270 million euro loss the previous year. Revenue increased by 16% to 3.7 billion euros, with Premium Subscribers growing by 15% to 236 million.
The company projects a strong first-quarter performance, with projected operating income of 180 million euros and total revenue of 3.6 billion euros. They also anticipate adding approximately 16 million net new Monthly Active Users and 3 million net new Premium Subscribers in the first quarter.
For more earnings news and stock performance, visit rttnews.com. Contact [email protected] for comments and feedback.
Read more: Spotify Technology Reports Adj. Operating Income In Q4; Issues Q1 Outlook