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via finance.yahoo.comMarkets

Spotify reports third-quarter net profit of $596.1 million

FROM THE WIRE · FINANCE.YAHOO.COM

LUXEMBOURG (AP) — LUXEMBOURG (AP) — Spotify Technology SA (SPOT) on Thursday reported third-quarter profit of $596.1 million. The Luxembourg-based company said it had net income of $2.85 per share. The results missed Wall Street expectations. The average estimate of eight…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralMixed results: EPS missed expectations while revenue beat them, so the price impact is uncertain.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Spotify reported third-quarter net profit of $596.1 million.
  2. 02Earnings per share of $2.85 were below the average estimate of $3.10.
  3. 03Revenue of $5.72 billion topped the expected $5.7 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Spotify Technology S.A.SPOTStock525.34 USDMarket closedtoday -0.14%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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