![]() ![]() Despite Spotify’s projected losses, the company has seen its earnings estimate revisions picture trend in the right direction recently. Spotify executives remain committed to growth and technology improvements in order to attract and retain users. Then, peeking ahead, SPOT’s fiscal 2020 adjusted EPS figure is projected to improve significantly down to a loss of -$1.47 a share. Spotify’s full-year earnings are expected to sink from -$0.60 to -$2.19 a share. Peeking ahead, SPOT’s full-year fiscal 2019 revenue is projected to surge 26% to reach $7.45 billion, with 2020 projected to come in 24.4% higher at $9.27 billion.Īt the bottom end of the income statement, the firm’s adjusted quarterly earnings are projected to tumble from +$0.27 per share in Q3 2018 to -$0.40. This would come up short of Q2’s 23.4% revenue expansion in U.S. Spotify’s third-quarter fiscal 2019 revenue is projected to jump 19.6% from the prior-year quarter to reach $1.88 billion, based on our Zacks Consensus Estimate (Spotify reports its sales in euros). SIRI are part of a larger group of third-tier players. ![]() Google’s GOOGL YouTube and Pandora (owned by Sirius XM Holdings Inc. With that said, Amazon’s figures are often ballpark estimates, but it is worth noting that Amazon has beefed up its advertising push for music recently. Netflix and Apple both offer the exact same set of plans at the same costs: premium plan at $9.99 per month, family plans at $14.99/mo., and student plans for $4.99/mo.Īmazon Music-which is not included as part of Prime, unlike Netflix NFLX competitor Prime Video-is much smaller, at approximately 32 million subscribers. Interestingly, Apple has not tired to undercut Spotify. Spotify’s biggest challenger, Apple Music, reportedly has 60 million paying subscribers. Meanwhile, its ad-supported tier popped 27% and 5%, respectively, to 129 million. ![]() ![]() The firm saw its premium subscriber base surge 31% in the second quarter of 2019 and 9% sequentially to reach 108 million. Spotify boasts a total of 232 million global monthly active users. ![]()
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