• Spotify Technology SA SPOT.N reported quarterly adjusted earnings of €1.07​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 97 cents. The mean expectation of twenty four analysts for the quarter was for earnings of €2.20 per share. Wall Street expected results to range from €1.63 to €2.81 per share.

• Revenue rose 15.2% to €4.19 billion from a year ago; analysts expected €4.20 billion.

• Spotify Technology SA's reported EPS for the quarter was €1.07​.

• The company reported quarterly net income of €225 million.

• Spotify Technology SA shares had risen by 8.7% this quarter and gained 33.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 18.2% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Spotify Technology SA is $670.00

This summary was machine generated from LSEG data April 29 at 01:30 p.m. UTC. ​All figures in euros unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)