Spotify Q3 EPS Beats by $1.96 on $5.01B Revenue; Citigroup Targets $750

SPOTSPOT

Spotify delivered Q3 EPS of $3.83, beating estimates by $1.96, on revenue of $5.01 billion, up 7.1% year-over-year. Citigroup boosted its Spotify price target from $715 to $750, contributing to a consensus target of $760.23 among analysts.

Sources

DG