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Spotify: 4Q Earnings Snapshot

February 5, 2020 GMT

LUXEMBOURG (AP) _ Spotify Technology SA (SPOT) on Wednesday reported a fourth-quarter loss of $231.5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Luxembourg-based company said it had a loss of $1.26.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share.

The music-streaming service operator posted revenue of $2.05 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $2.09 billion.

For the year, the company reported that its loss widened to $208.3 million, or $1.15 per share. Revenue was reported as $7.58 billion.

For the current quarter ending in April, Spotify said it expects revenue in the range of $1.89 billion to $2.12 billion.

The company expects full-year revenue in the range of $8.95 billion to $9.39 billion.

Spotify shares have climbed 3% since the beginning of the year. The stock has risen 11% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SPOT at