Spotify will report quarterly earnings before the bell on Tuesday. Here's what to know.
) is set to report its fiscal second quarter earnings on Tuesday before the bell. Wall Street expects the music streamer to once again post a profit on an adjusted basis as the company's
"We continue to see a long runway for growth in music streaming," Morgan Stanley analyst Ben Swinburne said in a note published earlier this month. "This view is supported by paid subscription streaming penetration of global smartphones of just ~15% at year-end 2023 and service offerings that remain in our view underpriced when compared to historical consumer spending on music.
A screen displays the logo and trading information for Spotify on the floor at the New York Stock Exchange in New York City, Feb. 6, 2024. Bank of America analyst Jessica Reif Ehrlich added that Spotify "continues to execute on initiatives that put the company on a positive revenue, gross margin, operating income, and FCF trajectory."
Spotify guided to gross margins of 28.1% in Q2 after the metric came in at 27.6% in the first quarter. Over the long term, Spotify expects gross margins between 30% and 35% amid plans to further scale its podcasting and ads business.Warren Buffett once said there are 'two kinds of items people buy' to grow wealth — but only one 'really is investing'This dividend stock may be down around 10%, but there is a huge future opportunity for those wanting growth as well as a 5.
Gross Margin Inflection Point Gross Margins Adjusted Basis
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
14-year-old boy arrested after gunshots ring out in Rexdale on Tuesday afternoonA 14-year-old boy has been arrested after shots rang out in Rexdale on Tuesday afternoon.
Read more »
Tuesday’s analyst upgrades and downgrades for June 25, 2024Inside the Market’s roundup of some of today’s key analyst actions
Read more »
Tuesday will be slightly cooler but still in the 20s for another nice day overallIt will feel slightly cooler because we will have wind out of the north. We should still get into the 20s and there will be sun and cloud.
Read more »
Disney, TikTok, Spotify & more: YF at Cannes Lions 2024Yahoo Finance met with executives and marketers from companies including Disney (DIS), TikTok, Spotify (SPOT), Autodesk (ADSK), Candle Media, DoorDash (DASH)...
Read more »
Ethereum ETFs launch on Tuesday: Will they spark another crypto bull run?The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Google parent Alphabet to report Q2 earnings Tuesday with AI, ad spending front and centerGoogle parent Alphabet will report its Q2 earnings after the bell on Tuesday.
Read more »