Surging Stocks: These Music Industry Picks See Boost After Exceeding Expectations
Benzinga
Spotify
Revenue: $4.05 billion, up 16% from the previous year.
Operating expenses: $953 million, down 15.2% from the previous year.
Net loss: $76.25 million, down 74% from the previous year.
Earnings per share: -0.36, up 74.3% from the previous year.
Spotify Technology (NYSE:SPOT) easily exceeded guidance set for new users. The company added 10 million – 1 million were expected – active users to its platform in Q4, bringing its 2023 number up to 31 million new users.
In an effort to reach prof...
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