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|---|---|---|
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65.5B N/A |
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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.99B | 4.8% |
| Gross Profit | 1.24B | 13.6% |
| Cost of Revenue | 2.75B | 1.2% |
| Operating expense | 786M | 7.1% |
| Net Income | 300M | 9.5% |
| EBITDA | 437M | 54.4% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 10.6B | 4% |
| Total Liabilities | 5.92B | 0.6% |
| Total Equity | 4.63B | 8.8% |
| Shares Outstanding | 207M | 0.4% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 715M | 45.3% |
| Cash from financing | 99M | 46.2% |
EPS
Financial Highlights for Spotify in Q3 '24
Spotify reported a revenue of 3.99B, which is a 4.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.24B, marking a 13.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.75B, a 1.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 786M, showing a -7.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 300M, showing a 9.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 437M, showing a 54.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Spotify with growth in revenue, gross profit, and net income.
