![]() The company added that "since the vast majority of our initiatives are multi-year in nature and measured as such, we no longer plan to issue annual guidance." For quarterly guidance, the company said it would provide a "single estimate for each metric instead of a range of outcomes." It expects to report 183 million total premium subscribers. Analysts anticipated guidance of 417.8 million, according to StreetAccount. In the first quarter of 2022, Spotify expects to report 418 million monthly active users. Spotify cited strong promotional campaign performance. Spotify's premium, or paid, subscribers grew 16% year over year to 180 million in the quarter, the company said. That's in line with its guidance of 400 million to 407 million and slightly beat analyst expectations, per StreetAccount. The streaming company posted 406 million monthly active users in the quarter, up from 381 million. Revenue: 2.69 billion euros vs 2.65 billion euros expected by Refinitiv.Loss per share: 21 euro cents vs 43 euro cents (24 cents vs 49 cents) expected, per Refinitiv.Some analysts predict a $20 billion valuation when the company goes public. ![]() This growing valuation is also good news for Spotify as it prepares for an IPO early next year. ![]() Shares on the private markets have traded in recent months at a valuation of $16 billion, up from $13 billion earlier in this year. These new numbers come from a Spotify disclosure to its investors, first reported by The Information. If Spotify can negotiate the same lower rates with # 1 Universal and #3 Warners, the company's losses could narrow further. The music streamer has negotiated slightly lower rates with #2 music group Sony. That's down a bit over 10% from the previous year's losses. ![]() That's a jump of about 40% over the previous year.īut major losses also continued, totalling between $118 million and $237 million. Revenue at Spotify grew to $2.2 billion in the first half of 2017, putting it on track to end the year close to the $5 billion revenue mark. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |