Spotify Technology S.A.

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Other Pre-Announcement

Spotify Reports Fourth Quarter Results

Published: 01/31/2023 11:34 GMT
Spotify Technology S.A. (SPOT) - Spotify - Qtrly Total Revenue Grew 18% Y/y to €3.2 Billion; Qtrly Premium Revenue Grew 18% Y/y to €2.7 Billion.
Q4 Earnings per Share View EUR -1.27, Revenue View EUR 3.16 Billion -- Refinitiv Ibes Data (analyst estimates).
Spotify - Qtrly Premium Arpu Growth of 3% Y/y to €4.55 (or Down 1% Constant Currency).
Spotify - Qtrly Ad-supported Revenue Grew 14% Y/y to €449 Million, Led by Podcasting Gains.
Spotify - Mau Net Additions Reached 33 Million in Q4, 10 Million Above Guidance.
Spotify - Qtrly Maus Grew 20% Y/y to 489 Million; Qtrly Premium Subscribers Grew 14% to 205 Million.
Spotify - Qtrly Operating Loss of €231 Million; Qtrly Diluted Loss per Share Attributable to Owners of Parent EUR 1.40.
Spotify - Anticipate a Meaningful Improvement in Operating Expense Ratios and Operating Income/(loss) in 2023 and Beyond.
Q1 Revenue View EUR 3.05 Billion -- Refinitiv Ibes Data (analyst estimates).
Spotify - Sees Q1 Total Maus 500 Million; Sees Q1 Total Premium Subscribers 207 Million; Sees Q1 Total Revenue €3.1 Billion; Sees Q1 Gross Margin 24.9%.
Spotify - FY Free Cash Flow Remained Positive & We Expect This Trend to Continue Moving Forward on FY Basis.