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.

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.

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.

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