Spotify Q4 Earnings Fall Short of Analyst Estimates
Spotify Technology SA (SPOT) reported Q4 earnings of $391.5 million, translating to a net income of $1.88 per share. These results fell below expectations, with eight analysts surveyed by Zacks Investment Research estimating earnings of $1.92 per share.
Revenue, however, exceeded forecasts, reaching $4.53 billion. Seven analysts surveyed by Zacks had projected $4.36 billion. For the full year, Spotify reported a profit of $1.23 billion ($5.95 per share) and revenue of $16.96 billion.