Spotify Technology Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St.11-18

Spotify Technology (NYSE:SPOT) Third Quarter 2024 ResultsKey Financial Results Revenue: €3.99b (up 19% from 3Q 2023). Net income: €300.0m (up 362% from 3Q 2023). Profit margin: 7.5% (up from 1.9% in ...

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Net income: €300.0m (up 362% from 3Q 2023). Profit margin: 7.5% (up from 1.9% in ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/media/nyse-spot/spotify-technology/news/spotify-technology-third-quarter-2024-earnings-eps-misses-ex\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPOT","symbol_name":"Spotify Technology S.A.","start_time":0,"source_url":"https://simplywall.st/stocks/us/media/nyse-spot/spotify-technology/news/spotify-technology-third-quarter-2024-earnings-eps-misses-ex","article_id":"2484462683","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/4313000-choice1-main-header/1585186956346"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484462683","pubTimestamp":1731924335,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Spotify Technology ( NYSE:SPOT ) Third Quarter 2024 Results Key Financial Results Revenue: €3.99b (up 19% from 3Q...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SPOT":"Spotify Technology S.A."},"translate_title":"Spotify Technology 2024年第三季度收益：每股收益未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPOT":1},"content_text":"Spotify Technology (NYSE:SPOT) Third Quarter 2024 ResultsKey Financial Results Revenue: €3.99b (up 19% from 3Q 2023). Net income: €300.0m (up 362% from 3Q 2023). Profit margin: 7.5% (up from 1.9% in 3Q 2023). EPS: €1.49 (up from €0.33 in 3Q 2023).  NYSE:SPOT Earnings and Revenue Growth November 18th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Spotify Technology EPS Misses Expectations  Revenue was in line with analyst estimates.  Earnings per share (EPS) missed analyst estimates by 13%.      Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Entertainment industry in the US.    Performance of the American Entertainment industry.  The company's shares are up 12% from a week ago.   Risk Analysis Don't forget that there may still be risks. For instance, we've identified   2 warning signs for Spotify Technology  that you should be aware of. New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. 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