Recap: Spotify Technology Q2 Earnings

 

Spotify Technology SPOT reported its Q2 earnings results on Wednesday, July 27, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

Spotify Technology missed estimated earnings by 40.0%, reporting an EPS of $-0.91 versus an estimate of $-0.65.

Revenue was up $244.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.49 which was followed by a 6.22% increase in the share price the next day.

Here's a look at Spotify Technology's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.25 -0.48 -0.22 -0.45
EPS Actual 0.24 -0.24 -0.48 -0.23
Revenue Estimate 2.83B 3.00B 2.85B 2.72B
Revenue Actual 2.99B 3.08B 2.95B 2.81B

To track all earnings releases for Spotify Technology visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews