Spotify Technology Q4 Sales €3.67B Up 16% YoY
Portfolio Pulse from Benzinga Newsdesk
Spotify Technology (NYSE:SPOT) reported Q4 sales of €3.67B, a 16% increase YoY but missed analyst consensus estimates of €3.72B by 1.26%. This represents a 13.58% increase over the same period last year.
February 06, 2024 | 11:04 am
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Spotify Technology reported a 16% YoY increase in Q4 sales to €3.67B, missing estimates by 1.26%.
Missing analyst estimates, even by a small margin, can lead to negative investor sentiment in the short term. Despite the YoY growth, the failure to meet expectations could result in a short-term negative impact on SPOT's stock price.
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