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Benzinga
10 days

These Analysts Increase Their Forecasts On Spotify After Q4 Results

1. Spotify's Q4 2024 earnings missed estimates but sales surpassed expectations. 2. Sales increased by 16% year-on-year to $4.53 billion, exceeding forecasts. 3. Analysts raised Spotify's price targets following the earnings report. 4. Premium subscribers rose to 252 million, indicating growth. 5. Spotify expects Q1 2025 revenue of $4.48 billion, above analyst estimates.

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FAQ

Why Bullish?

Strong sales performance suggests robust demand, outweighing missed earnings per share.

How important is it?

The earnings report and analyst upgrades can significantly influence SPOT’s share price.

Why Short Term?

Market reaction to recent earnings typically affects stock price in the near term.

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