Spotify: Q4 Financial Overview

Spotify Reports Strong Fourth-Quarter Earnings

Spotify Technology SA, headquartered in Luxembourg, announced on Tuesday that it achieved a net profit of $1.37 billion for the fourth quarter.

The company’s earnings translated to $5.16 per share, surpassing analyst expectations.

According to Zacks Investment Research, seven analysts had predicted an average earnings per share of $3.16, making Spotify’s results notably higher than anticipated.

Spotify’s quarterly revenue reached $5.27 billion, exceeding the $5.14 billion forecasted by six analysts polled by Zacks.

For the full year, Spotify reported a total profit of $2.5 billion, or $11.89 per share, with annual revenue amounting to $19.44 billion.

Financial data for this article was sourced from Zacks Investment Research and compiled by Automated Insights.