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SPOT Sep 2024 145.000 call

OPR - OPR Delayed price. Currency in USD
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  • Yahoo Finance

    Spotify stock jumps after reporting record profit, strong guidance amid turnaround plan

    Spotify reported quarterly earnings before the bell on Tuesday. Here's what to know.

  • Yahoo Finance Video

    Spotify's 'year of monetization' yields strong Q2 results

    Spotify (SPOT) beat Wall Street expectations in its second quarter earnings report, achieving record profits amid its cost-saving strategy. Manhattan Venture Partners head of research Santosh Rao joins Catalysts to offer insights into the streaming platform's performance. Rao emphasizes Spotify's success, stating it "hit on every metric" in what he calls its "year of monetization." He highlights the company's effective execution of its turnaround strategy, which includes cost reduction, margin improvement, and subscriber growth. Rao confidently states that for Spotify, "the coast is clear." Notably, despite implementing price increases to its subscription tiers, Spotify saw a rise in subscriber numbers, demonstrating strong platform loyalty. Addressing concerns about potential customer loss due to higher prices, Rao observes that "at this point, it doesn't look like it." He commends Spotify's approach, explaining that price hikes are accompanied by new product offerings, describing it as "a very sensible growth market strategy." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith

  • Benzinga

    Spotify's Q2 Margin Gains, Record Free Cash Flow And Strong Subscriber Growth Highlight Successful Execution In Music And Podcasts: JP Morgan Analyst

    JP Morgan analyst Doug Anmuth maintained an Overweight rating on Spotify Technology (NYSE:SPOT). Spotify reported fiscal second-quarter 2024 revenue growth of 20% year-on-year to $4.099 billion, missing the analyst consensus of $4.170 billion. EPS of $1.43 beat the consensus estimate of $1.15. Spotify continues to execute well and drive meaningful profit improvements across music, podcasts, and other revenue costs, the analyst said, citing the gross and operating margin guide for the third quart