Spotify (SPOT) 2Q MAU 21M Above Guidance

Spotify (SPOT) reports earnings tomorrow, postmarket. SPOT’s 2Q MAUs came in at 551M versus an estimated 433M last year. The company’s 3Q adjusted EPS is estimated at -$0.21 and revenue is estimated at $3.64B. SPOT added 36M MAU in 2Q, which is 21M above guidance. TD Cowen initiated SPOT at market perform with a $129 price target. George Tsilis joins Tom White and Kevin Hincks to discuss what to expect from SPOT. Tune in to find out more about the stock market today.

Fast Market

23 Oct 2023

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