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OFFON

SPOTIFY TECHNOLOGY S.A.

(SPOT)
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Spotify: Q2 Earnings Snapshot

07/28/2021 | 06:15am EDT

LUXEMBOURG (AP) _ Spotify Technology SA (SPOT) on Wednesday reported a loss of $24.1 million in its second quarter.

On a per-share basis, the Luxembourg-based company said it had a loss of 23 cents.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 52 cents per share.

The music-streaming service operator posted revenue of $2.81 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $2.75 billion.

Spotify shares have dropped 25% since the beginning of the year. The stock has fallen 13% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPOT at https://www.zacks.com/ap/SPOT

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Analyst Recommendations on SPOTIFY TECHNOLOGY S.A.
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Financials
Sales 2021 9 532 M 11 170 M 11 170 M
Net income 2021 -119 M -139 M -139 M
Net cash 2021 1 927 M 2 259 M 2 259 M
P/E ratio 2021 -315x
Yield 2021 -
Capitalization 37 592 M 44 050 M 44 050 M
EV / Sales 2021 3,74x
EV / Sales 2022 3,10x
Nbr of Employees 5 584
Free-Float 70,4%
Chart SPOTIFY TECHNOLOGY S.A.
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Spotify Technology S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends SPOTIFY TECHNOLOGY S.A.
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TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 196,45 €
Average target price 244,54 €
Spread / Average Target 24,5%
EPS Revisions
Managers and Directors
Daniel Ek Chairman & Chief Executive Officer
Paul Aaron Vogel Chief Financial Officer
Stig Gustav Victor S÷derstr÷m Chief Research & Development Officer
Martin Lorentzon Independent Director
Cristina Stenbeck Independent Director
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