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A clearly improved operating profit does not convince the market. By reducing the outlook, Spotify's share increases by almost 10% on Thursday.
The Spotify report of the third quarter was badly received by the market.
Operating profit was certainly better than expected. Less than 6 million euros, against less than 52 million expected. but The fourth quarter revenue forecast was 2.7% lower than the consensus estimate.
The number of premium users was up to 87 million, which was in line with expectations. In the last quarter, the level was 83 million.
Spotifys' share was down 8% on the Nasdaq at 3:25 pm Thursday. The composite index was slightly weak at 0.1% in the initial trade.
For analysts, CEO Daniel Ek said that there was still a lot of growth for Spotify, but at Di Digital, you're wondering where it can be found.
The United States is right because Apple Music and Amazon grow faster than Spotify, which is bigger.
The question marks indicate where Spotify will find growth in the future, writes Di Digital in an analysis.
The United States is right because Apple Music and Amazon grow faster than Spotify, which is bigger.
If you look elsewhere, the situation is not brilliant. India may be an option, but all of this is outside of protracted negotiations. In China, one can not even enter the market because of Tencent's billion investment in Spotify. The counterclaim has not been contested on its own internal market.
Also read: "It's almost impossible to measure the value of Spotify's success"
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