FMP
Apr 23, 2024 3:27 PM - Davit Kirakosyan
Shares of Spotify (NYSE:SPOT) soared over 14% intra-day today following the audio streaming giant's announcement of fiscal Q1/24 results that exceeded expectations for earnings, revenue, and gross margins.
Spotify disclosed earnings per share of EUR 0.97, surpassing the anticipated EUR 0.64. The company's revenue reached EUR 3.64 billion for the quarter, edging above the forecasted EUR 3.61 billion. Premium revenue alone amounted to EUR 3.25 billion, ahead of the expected EUR 3.22 billion.
In user metrics, Spotify's monthly active users (MAUs) totaled 615 million, slightly below the predicted 617.89 million. Premium subscribers reached 239 million, narrowly missing the forecast of 239.26 million. Spotify particularly excelled with a gross margin of 27.6%, outperforming the expected 26.5%.
For the upcoming second quarter, Spotify projects revenue of EUR 3.8 billion, slightly trailing the consensus estimate of EUR 3.85 billion. The company anticipates MAUs to rise to 631 million and premium subscribers to increase to 245 million, both figures slightly below expectations.
Additionally, Spotify forecasts a second-quarter gross margin of 28.1%, surpassing analyst expectations of 26.7%.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...