Possible bounce area
Spotify misses by $0.03, misses on revs; guides Q4 revs in-line
Reports Q3 (Sep) loss of €0.58 per share, excluding non-recurring items, €0.03 worse than the S&P Capital IQ Consensus of (€0.55); revenues rose 14.1% year/year to €1.98 bln vs the €2 bln S&P Capital IQ Consensus.
"Total MAUs grew 29% Y/Y to 320 million in the quarter and above the top end of our guidance range. From a regional perspective, Y/Y growth in North America and Europe accelerated more than 400 bps and 100 bps, respectively, while Latin America and Rest of World continued to see the fastest growth, growing 30% and 51%, respectively."
Co issues in-line guidance for Q4, sees Q4 revs of EUR 2.00-2.20 bln vs. €2.19 bln S&P Capital IQ Consensus. Total MAUs: 340-345 million.
Spotify misses by $0.03, misses on revs; guides Q4 revs in-line
Reports Q3 (Sep) loss of €0.58 per share, excluding non-recurring items, €0.03 worse than the S&P Capital IQ Consensus of (€0.55); revenues rose 14.1% year/year to €1.98 bln vs the €2 bln S&P Capital IQ Consensus.
"Total MAUs grew 29% Y/Y to 320 million in the quarter and above the top end of our guidance range. From a regional perspective, Y/Y growth in North America and Europe accelerated more than 400 bps and 100 bps, respectively, while Latin America and Rest of World continued to see the fastest growth, growing 30% and 51%, respectively."
Co issues in-line guidance for Q4, sees Q4 revs of EUR 2.00-2.20 bln vs. €2.19 bln S&P Capital IQ Consensus. Total MAUs: 340-345 million.