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Spotify:Quarterly Results/2023 Q3: Difference between revisions
Spotify:Quarterly Results/2023 Q3 (view source)
Revision as of 19:24, 19 October 2023
, 19 October 2023→Analyst Opinions
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* The company said that Spotify’s app downloads are tracking well into September. | * 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> | * 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> | ||
=== Wells Fargo === | |||
* Wells Fargo reiterated its buy rating on Spotify.<ref>https://gameishard.gg/news/here-are-wednesdays-biggest-analyst-calls-apple-netflix-nvidia-alphabet-fedex-tesla-more/67269/</ref> | |||
* The firm cited positive setup for Spotify’s Q3 earnings results and Q4 margin guidance. | |||
* It also said that the expected new deals updates and changing royalties are seen as favorable | |||
== Spotify Google Play Downloads == | == Spotify Google Play Downloads == | ||