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Tuesday, January 31, 2023

SPOTIFY STOCK SOARS AS EARNINGS EK-CEED EXPECTATIONS

Wall Street has a green light on Big Green following Spotify's earnings report for Q4, which saw the platform reach new milestones in MAU and subscribers and beat gross-margins and profit expectations.

Spotify shares hit a five-month high on 1/31, surging 12.7% from 1/30. On 2/1 shares continued to climb, up nearly 5%, closing at $118.19. Citi flagged it as a "buy," citing the company's positive outlook for Q1 2023, during which it expects to hit 500m MAU and 2m new subs.

How's that for efficiency?

TAGS: Spotify | Daniel Ek | Wall Street | stocks | Citi
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SPOTIFY'S BNA SINGLES GOING STEADY
UMG, TIDAL PARTNER ON NEW MODEL
NEAR TRUTHS: LOOSE AFFILIATIONS
NEAR TRUTHS: GLOBAL COMMAND
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