Spotify Technology S.A. (NYSE:SPOT) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.66 per share.
Looking ahead, the full year loss are expected at $ 3.5 per share on the revenues of $ 9348.95 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 2,040.00 million ~ $ 2,258.00 million
Full Year 2020 topline are forecasted in a range of$ 8,438.00 million ~ $ 8,879.00 million
Click Here For More Historical Outlooks Of Spotify Technology S.A.
Previous Quarter Performance
Spotify Technology S.A. came out with loss for the second quarter of $ 2.10 per share, from the revenue of $ 2,080.00 million. The quarterly revenues up 9.98 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.53 per share from $ 2268.48 million in revenue. The bottom line results missed street analysts by $ 1.57 or 296.23 percent, at the same time, top line results fell short of analysts by $ 188.48 million or 8.31 percent.
Stock Performance
Shares of Spotify Technology S.A. traded low $ -11.31 or -3.93 percent on Wednesday, reaching $ 276.14 with volume of 2.24 million shares. Spotify Technology S.A. has traded high as $ 284.64 and has cracked $ 273.36 on the downward trend
According to the previous trading day, closing price of $ 276.14, representing a 163.28 % increase from the 52 week low of $ 109.18 and a 4.08 % decrease over the 52 week high of $ 299.67.
The company has a market capital of $ 51.73 billion and is part of the Technology sector and Internet Content & Information industry.
Conference Call
Spotify Technology S.A. will be hosting a conference call at 8:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.spotify.com
Spotify Technology S.A., together with its subsidiaries, provides music streaming services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers commercial-free music services to subscribers comprising unlimited online and offline high-quality streaming access to its catalog.
