Spotify Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Spotify Q3 earnings preview

Spotify is set to report its third-quarter earnings on October 27th, and analysts are revising their forecasts ahead of the call. The company has been facing a number of challenges in recent months, including increased competition from Apple Music and Amazon Music, as well as the ongoing COVID-19 pandemic. However, Spotify has also taken a number of steps to improve its business, including launching new features and expanding into new markets.

Analysts' estimates

Analysts are expecting Spotify to report revenue of $3.01 billion for the third quarter, up 21% year-over-year. This would be slightly below the company's guidance of $3.02 billion to $3.07 billion. Analysts are also expecting Spotify to report a loss per share of $0.32, wider than the company's guidance of a loss per share of $0.23 to $0.33.

Key factors to watch

There are a number of key factors to watch when Spotify reports its earnings, including: * **Total monthly active users (MAUs)**: This is a key metric for Spotify, as it shows how many people are using the service each month. Analysts will be looking for Spotify to report continued growth in MAUs, as well as any signs of churn. * **Premium subscribers**: This is another important metric for Spotify, as it shows how many people are paying for the company's premium service. Analysts will be looking for Spotify to report continued growth in premium subscribers, as well as any signs of churn. * **Average revenue per user (ARPU)**: This metric shows how much revenue Spotify is generating per user. Analysts will be looking for Spotify to report continued growth in ARPU, as this would indicate that the company is able to monetize its users more effectively. * **Competition**: Spotify faces competition from a number of other streaming services, including Apple Music, Amazon Music, and YouTube Music. Analysts will be looking for any signs that Spotify is losing market share to these competitors. * **COVID-19 pandemic**: The COVID-19 pandemic has had a significant impact on Spotify's business. Analysts will be looking for any signs that the pandemic is continuing to weigh on Spotify's results.

Conclusion

Spotify is set to report its third-quarter earnings on October 27th, and analysts are revising their forecasts ahead of the call. The company faces a number of challenges, but it has also taken a number of steps to improve its business. Analysts will be looking for Spotify to report continued growth in key metrics such as MAUs, premium subscribers, and ARPU.