From Nasdaq: 2024-11-14 17:21:00

Shares of Spotify Technology have surged over 15% since reporting Q3 results, despite missing earnings expectations. Q3 EPS rose 341% to $1.59, with sales hitting $4.38 billion. Spotify projects adding 25 million MAUs in Q4. The company’s stock has a P/S ratio of 5.4X and a forward P/E of 75.7X. Investors should monitor earnings estimate revisions for potential buying opportunities.

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Read more at Nasdaq: Time to Buy the Post-Earnings Rally in Spotify (SPOT) Stock?