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Barchart
Barchart
Ian Cooper

Dear Spotify Stock Fans, Mark Your Calendars for October 22

Spotify SPOT Artificial Intelligence

Keep an eye on Spotify (SPOT). On Thursday, Oct. 22, before the market opens, the company will post third-quarter earnings. Wall Street is looking for EPS of between $2.86 and $3.26 on revenue of between $5.58 billion and $5.65 billion. Making the stock even more attractive, it ended its prior quarter with 300 million Premium subscribers, up 9% year over year. Monthly users in its second quarter grew 12% to 777 million. Gross margins hit a record high of 33.4% as well. For its most recent quarter, it expects to see 305 million Premium subscribers and 788 million monthly active users. However, guidance calls for margins of 32.9%, a number that investors should pay very close attention to.

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