Spotify balance: Analysts expect record profits and sales of sales!

Spotify balance: Analysts expect record profits and sales of sales!

Spotify, Schweden - The tension increases! Spotify is about to publish the balance sheet for the past quarter, which ended on September 30, 2024. Analysts are already in turmoil and have published their forecasts, which predict an impressive EPS of EUR 1.69 per share for the recent quarter. For comparison: In the previous year, the profit per share was still $ 0.360. A huge jump that exceeds expectations!

But that's not all! On the sales side, 17 analysts expect an increase of 10.20 percent compared to the previous year when Spotify took $ 3.65 billion. The estimates for the past quarter amount to a whopping EUR 4.02 billion. This is a sign of the unbroken popularity of the streaming service that has revolutionized the music landscape!

A look into the future

The forecasts for the ongoing fiscal year are just as promising. 22 analysts expect an average profit of EUR 5.89 per share, while a loss of -2.950 was recorded in the previous year. On the sales page, 23 analysts show optimistic expectation of EUR 15.72 billion, an increase compared to $ 14.32 billion in the previous year. Spotify seems to be on a clear growth course, and investors are excited to see how the numbers will actually develop!

The anticipation for the balance is tangible and the market participants are ready to react to the next steps of the company. Stay tuned because the numbers could drive the share prices up!