$SPOT (+0,22%) | Spotify Q3 '24 Earnings Highlights:
๐น EPS: โฌ1.45 (Est. โฌ1.72) ๐
๐น Revenue: โฌ3.99B (Est. โฌ4.02B) ๐; UP +19% YoY
๐น Gross Margin: 31.1% (Est. 30.2%) ๐ข
๐น MAUs: 640M (Est. 639M) ๐ข; UP +11% YoY
๐น Premium Subscribers: 252M (Est. 250M) ๐ข; UP +12% YoY
Q4 '24 Guidance
๐น Operating Income: โฌ481M (Est. โฌ445.7M) ๐ข
๐น Revenue: โฌ4.1B (Est. โฌ4.26B) ๐
Business Performance
๐ธ Operating Income: โฌ454M; reflecting improvement in gross margin and efficient cost management
๐ธ Free Cash Flow: โฌ490M; indicating strong balance sheet and liquidity
CEO Daniel Ek's Commentary:
๐ธ "We've reached a strong position thanks to outstanding execution. Our relentless focus on innovation and growth enables us to deliver the most valuable user experience in the industry. I'm excited about what lies ahead as we move closer to sustained profitability."