RUMOR MILL
Back to Rumor Mill >
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
SPOTIFY NEARS 500M USERS
SPOTIFY'S BNA SINGLES GOING STEADY
UMG, TIDAL PARTNER ON NEW MODEL
NEAR TRUTHS: LOOSE AFFILIATIONS
NEAR TRUTHS: GLOBAL COMMAND
< PREVIOUS STORY
BACK TO RUMOR MILL
 
THE HITS LIST TURKEY TROT
...with all the trimmings (11/22a)
Check It Out Now
AN AWARD-WINNING CMA GALLERY
Cowboy hats and funny caps (11/21a)
Check It Out Now
NEAR TRUTHS: WITCHING HOUR
It's not easy being green. (11/21a)
Check It Out Now
NEAR TRUTHS: REALIGNMENT AND RECOGNITION
Underscoring the year's biggest stories (11/19a)
Check It Out Now
NEAR TRUTHS: THE ELEPHANT IN THE ROOM
Nervous time in the music biz and beyond. (11/16a)
Check It Out Now
NOW WHAT?
We have no fucking idea.
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
WHO'S BUYING THE DRINKS?
That's what we'd like to know.
 Email

 First Name

 Last Name

 Company

 Country

By clicking submit you are agreeing
to Terms and Conditions