Spotify Stock (NYSE:SPOT)
On October 25, 2022, after the market has closed, Spotify Technology S.A. (NYSE:SPOT) will announce the company’s financial results for the third quarter of 2022.
The unexpected history of Spotify stock has been rather spectacular. Its results have, on average, provided a surprise earnings result of 28.3% over the last four quarters, with two beats and two misses.
A Look at Q3 Expectations
The expectation for the quarter sales that have yet to be announced is set at $3.06 billion, which indicates an increase of 3.8% compared to the reported number for the same time one year ago. Spotify stock top line has probably benefited from increased customers and monthly active users (MAUs). The readings for the September quarter a year ago were 17.6% lower than those for this year’s September quarter. The consensus mark for total monthly active users and the indicator for premium subscribers are projected to grow by 17.6% and 12.8%, respectively.
In the soon-to-be-reported quarter, it is anticipated that Spotify stock will have experienced a loss equivalent to 88 cents per share. In the third quarter of 2021, it was announced that a loss of 48 cents per share had been recorded by the company. It’s possible that the loss was caused by an increase in the number of operational expenditures.
Featured Image- Unsplash @ Thibault Penin
Author Shariq Khan 
