Spotify Stock Sinks on Weaker-Than-Expected First Quarter Subscriber Numbers

Reuters2022-02-03

(Reuters) -Spotify on Wednesday forecast current quarter subscribers lower than Wall Street expectations, sending its shares down 10% in late trading.The outlook overshadowed fourth-quarter revenue, ...

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Comment（40）

Huat1333
·2022-02-04
Supports [Like] [Like] [Like]
Reply
2
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9448Huat
·2022-02-03
Ok with thanks
Reply
4
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Handoko
·2022-02-03
👌🏻
Reply
3
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SanWangtikup
·2022-02-03
Ok
Reply
3
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PaperPlay
·2022-02-03
When a service is a want and not a need, consumption of its products will never be able to always meet sales related forecasts.
Reply
4
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ming22
·2022-02-03
Ops. Could be temporary only[Thinking]
Reply
1
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Steven Tay
·2022-02-03
ok
Reply
1
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evauoz
·2022-02-03
Buy?
Reply
2
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SvdB
·2022-02-03
Ok
Reply
2
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opp.tids
·2022-02-03
[Grin] [Silence] [Bless]
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2
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Barbarazhao
·2022-02-03
Good to know
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2
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Jazim
·2022-02-03
Okay
Reply
2
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TaiWoeiHaur
·2022-02-03
Time to buy
Reply
3
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sylarspock
·2022-02-03
Wow
Reply
3
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Jess261
·2022-02-03
Okay
Reply
2
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Bspn
·2022-02-03
Ok
Reply
4
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Gackky
·2022-02-03
rogan apologised? in his podcast?.. really[Thinking] ...
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4
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yattreblif
·2022-02-03
Oh
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5
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It's truly a global operation.\"Spotify said podcast's share of overall consumption hours on its platform reached an all-time high and it expanded its paid podcast subscriptions in 33 more markets and enabled podcasts for users in Russia, Egypt and Saudi Arabia.Premium subscribers, which account for most of the company's revenue, rose to 180 million, beating analysts' expectations of 179.9 million.Quarterly revenue rose to 2.69 billion euros ($3.04 billion) for the quarter from 2.17 billion a year earlier, and above the 2.65 billion euros expected by analysts, according to IBES data from Refinitiv.Revenue from users who hear advertisements rose 40% to 394 million euros or 15% of total revenue.\"Investors largely ignored Spotify's advertising business during Spotify's first few years as a public company, with subscriber growth dominating the narrative,\" LightShed Partners analyst Richard Greenfield said in a note.\"As Spotify moved from a music platform to an audio platform (podcasting, live audio, audiobooks), it has unlocked the potential for a robust advertising business that is now too large for investors to ignore.\"Spotify ventured into podcasts in 2018 with a series of acquisitions to compete with Apple Inc. 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[Like]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091557397","repostId":2208364753,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091268450,"gmtCreate":1643877766473,"gmtModify":1676533866810,"author":{"id":"3578031300804164","authorId":"3578031300804164","name":"9448Huat","avatar":"https://static.tigerbbs.com/bc2263efe7491ac00986db5a83b7ce8c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578031300804164","authorIdStr":"3578031300804164"},"htmlText":"Ok with thanks","listText":"Ok with thanks","text":"Ok with 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a service is a want and not a need, consumption of its products will never be able to always meet sales related forecasts.","listText":"When a service is a want and not a need, consumption of its products will never be able to always meet sales related forecasts.","text":"When a service is a want and not a need, consumption of its products will never be able to always meet sales related forecasts.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091231711","repostId":2208364753,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091299585,"gmtCreate":1643864060878,"gmtModify":1676533865612,"author":{"id":"3571044771112848","authorId":"3571044771112848","name":"ming22","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571044771112848","authorIdStr":"3571044771112848"},"htmlText":"Ops. Could be temporary only[Thinking]&nbsp;","listText":"Ops. Could be temporary only[Thinking]&nbsp;","text":"Ops. Could be temporary only[Thinking]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091299585","repostId":2208364753,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091203782,"gmtCreate":1643862501758,"gmtModify":1676533865358,"author":{"id":"4099285253763630","authorId":"4099285253763630","name":"Steven 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[Silence] [Bless]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091627663","repostId":2208364753,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091622402,"gmtCreate":1643855159203,"gmtModify":1676533864380,"author":{"id":"3576888762442253","authorId":"3576888762442253","name":"Barbarazhao","avatar":"https://static.tigerbbs.com/40f6fdeabe0e8cac300f1fd2a17eb3ac","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3576888762442253","authorIdStr":"3576888762442253"},"htmlText":"Good to know&nbsp;","listText":"Good to know&nbsp;","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091622402","repostId":2208364753,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091629837,"gmtCreate":1643854409559,"gmtModify":1676533864262,"author":{"id":"4091925166419540","authorId":"4091925166419540","name":"Jazim","avatar":"https://static.tigerbbs.com/85de7ecb80758afc3288fc8bb7e5ef27","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4091925166419540","authorIdStr":"4091925166419540"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091629837","repostId":2208364753,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091620222,"gmtCreate":1643854215957,"gmtModify":1676533864239,"author":{"id":"3563667765668803","authorId":"3563667765668803","name":"TaiWoeiHaur","avatar":"https://community-static.tradeup.com/news/4573ecee7a4a891ace3e5566a59069d5","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3563667765668803","authorIdStr":"3563667765668803"},"htmlText":"Time 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