Spotify reported third-quarter earnings that narrowly beat analyst expectations on revenue but missed by $0.15 with a bigger loss than estimated. Spotify’s gross margin in Q3 came in below expectations at 24.7% down 201 bps Y/Y. Shares in SPOT fell 7% in extended trading Tuesday. Spotify came in with higher user numbers than it projected last quarter. The company reported 456 million monthly active users for the quarter, up 20% from the year-earlier period. SPOT posted 195 million paid subscribers, … Continue reading “Spotify Margins Hurt by Higher Dollar, Continues to Grow Subscribers and Podcasts”
Ride sharing company Lyft debuted on the stockmarket Friday up over 21% after setting the price for its stock at $72 per share late Thursday. IPOs can be boom or bust, In 2018 the most anticipated brands included Dropbox, Spotify and WeWork.
Spotify is ‘Music for Everyone’ but will it be music for investors? The world’s biggest streaming music provider went public Tuesday. Spotify will trade on the NYSE under the ticker $SPOT.
Dropbox shares debuted on NASDAQ Friday as stock markets were collapsing around it on U.S. Tariffs on China and Facebook $FB seemingly imploding. Nevermind $DBX was one of the most anticipated IPO’s this year and was up 47% quickly.
IPOs can be boom or bust, In 2017 we had $APRN (bust) and $ROKU (boom). There are some huge brands expected to be going public in 2018. The most anticipated brands include Airbnb, Dropbox, Pinterest, Lyft, Spotify and WeWork.