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Spotify:Quarterly Results/2023 Q3: Difference between revisions
Spotify:Quarterly Results/2023 Q3 (view source)
Revision as of 19:21, 19 October 2023
, 19 October 2023→Analyst Opinions
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* White expects Spotify’s third-quarter revenue to grow by 9% y/y to €3.32B, slightly below analyst’s estimate of €3.334B. | * White expects Spotify’s third-quarter revenue to grow by 9% y/y to €3.32B, slightly below analyst’s estimate of €3.334B. | ||
* He expects its monthly active users to grow 26% to 574M. | * He expects its monthly active users to grow 26% to 574M. | ||
=== Truist === | |||
* Truist raised Spotify’s price target to $176 from $165 and maintained buy rating on it. | |||
* The company said that Spotify’s app downloads are tracking well into September. | |||
* Its analyst also said the consensus estimates such as gross margin, operating income, monthly active user, and subscriber numbers are very reasonable.<ref>https://thefly.com/landingPageNews.php?id=3775506&headline=SPOT-Spotify-price-target-raised-to--from--at-Truist&utm_source=https://thefly.com/news.php%3fsymbol=SPOT&utm_medium=referral&utm_campaign=referral_traffic</ref> | |||
== Spotify Google Play Downloads == | == Spotify Google Play Downloads == | ||