Spotify Technology Q4 2023 GAAP EPS $(0.39) Misses $(0.05) Estimate, Sales $3.67B Miss $3.72B Estimate
Portfolio Pulse from Benzinga Newsdesk
Spotify Technology (NYSE:SPOT) reported Q4 2023 GAAP EPS of $(0.39), missing the $(0.05) estimate, with sales of $3.67B also missing the $3.72B estimate. This represents a 13.58% increase in sales compared to the same period last year.
February 06, 2024 | 11:05 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Spotify Technology reported a significant miss in Q4 2023 earnings with a GAAP EPS of $(0.39) against an estimate of $(0.05) and sales of $3.67B missing the $3.72B estimate.
The significant miss in both EPS and sales estimates for Spotify Technology in Q4 2023 is likely to negatively impact investor sentiment and the stock price in the short term. The miss in EPS by 680 percent and the sales miss, although slight, indicate potential underlying issues that could concern investors. Additionally, despite the year-over-year sales growth, the earnings miss overshadows this positive aspect.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100