Spotify balance sheet: Analysts expect record profits and a jump in sales!

Spotify balance sheet: Analysts expect record profits and a jump in sales!

The excitement is rising: Spotify is about to publish its quarterly results, and expectations are high! On November 12, 2024, the Company will report results for the third quarter ended September 30, 2024. Analysts expect an impressive earnings per share (EPS) of EUR 1.69, a dramatic increase compared to EUR 0.360 last year, as reported finance.net reported.

But that's not all! The sales forecasts are just as promising: 17 analysts expect an increase of 10.20 percent compared to the previous year's sales of USD 3.65 billion. This means that Spotify can expect sales of around EUR 4.02 billion for the past quarter. These figures show that the company is on a solid growth path and market analysts are optimistic.

Expectations for the current fiscal year

The analysts are not only focused on the last quarter, but also take a look at the entire fiscal year. On average, 22 analysts expect earnings per share of EUR 5.89, after a loss of -2,950 USD in the previous year. On the sales side, total sales are expected to be EUR 15.72 billion, an increase compared to USD 14.32 billion last year. These positive forecasts could further increase confidence in Spotify's future.

The numbers speak for themselves: Spotify has undergone a remarkable transformation in recent years. Loud Statista The company has recorded a significant increase in sales and profits from 2008 to 2023, solidifying Spotify's position in the global music streaming market.

Conclusion and outlook

The coming days will be crucial for Spotify. With the positive expectations and the upcoming quarterly report, the company could be able to further expand its market position and gain the trust of investors. Developments in the music streaming industry are dynamic, and Spotify appears ready to meet the challenges and continue to grow.