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Spotify Technology S.A. Q4 Loss Narrows

February 02, 2022 — 05:20 pm EST

Written by RTTNews.com for RTTNews->

(RTTNews) - Spotify Technology S.A. (SPOT) reported Loss for fourth quarter that decreased from the same period last year

The company's earnings totaled -Euro39 million, or -Euro0.21 per share. This compares with -Euro125 million, or -Euro0.66 per share, in last year's fourth quarter.

The company's revenue for the quarter rose 22.7% to Euro2.7 billion from Euro2.2 billion last year.

Spotify Technology S.A. earnings at a glance (GAAP) :

-Earnings (Q4): -Euro39 Mln. vs. -Euro125 Mln. last year. -EPS (Q4): -Euro0.21 vs. -Euro0.66 last year. -Revenue (Q4): Euro2.7 Bln vs. Euro2.2 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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