Spotify Technology (NYSE:SPOT) reported its Q3 earnings results on Wednesday, October 27, 2021 at 06:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Spotify Technology missed their estimated earnings by 118.18%, reporting an EPS of $-0.48 versus an estimate of $-0.22, which surprised analysts.
Revenue was up $641,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.22, which was followed by a 0.87% increase in the share price the next day.
Here’s a look at Spotify Technology’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.45 | -0.48 | -0.67 | -0.61 |
| EPS Actual | -0.23 | -0.30 | -0.79 | -0.68 |
| Revenue Estimate | 2.72B | 2.58B | 2.59B | 2.36B |
| Revenue Actual | 2.81B | 2.59B | 2.58B | 2.31B |
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