Services | Broadcasting - Radio | Luxembourg
Spotify posts first ever operating profit, but cautious outlook for 2019
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The company, which had a gross profit margin of 26.7 percent in the fourth quarter, said it expected this to deteriorate to 22.5-24.5 in the first quarter and to 22-25 percent in 2019, compared with analysts expectations of 26 percent for the year.
Its other guidance for 2019 was also cautious.
Spotify said it expected a loss of 200-360 million euros in 2019 and that sales would grow 21-29 percent.
Some analysts have highlighted Spotify's slowing rate of annual revenue growth after sales grew 29 percent in 2018, down from 39 percent in 2017 and 52 percent in 2016.
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https://finance.yahoo.com/news/spotify-r...11406.html
Spotify posts first ever operating profit, but cautious outlook for 2019
...
The company, which had a gross profit margin of 26.7 percent in the fourth quarter, said it expected this to deteriorate to 22.5-24.5 in the first quarter and to 22-25 percent in 2019, compared with analysts expectations of 26 percent for the year.
Its other guidance for 2019 was also cautious.
Spotify said it expected a loss of 200-360 million euros in 2019 and that sales would grow 21-29 percent.
Some analysts have highlighted Spotify's slowing rate of annual revenue growth after sales grew 29 percent in 2018, down from 39 percent in 2017 and 52 percent in 2016.
...
https://finance.yahoo.com/news/spotify-r...11406.html