Tiger Brokers

BUZZ-Spotify jumps after upbeat profit forecast

Reuters
Feb 10
BUZZ-<a href="https://laohu8.com/S/SPOT">Spotify</a> jumps after upbeat profit forecast

** Shares of audio streaming giant Spotify SPOT.N rise 13.5% to $471 in premarket trading

** SPOT forecasts operating income of 660 million euros ($786.13 million) in the first quarter, compared with analysts' average estimate of 652.3 million euros, according to data compiled by LSEG

** For the first quarter, it forecasts revenue of 4.5 billion euros, slightly below the estimate of 4.57 billion euros

** It projected monthly active users of 759 million for the first quarter, topping an expectation of 753 million

** Fourth-quarter revenue rose 7% to 4.53 billion euros, in line with estimates

** Up to last close, the stock has fallen 28.6% YTD

($1 = 0.8396 euros)

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10