On July 23, Grong Hui reported that Spotify (SPOT.US) rose 1.2% to $63.44. On the news front, Spotify's Q2 revenue increased by 20.2% year-on-year to €3.81 billion, which is basically in line with analysts' expectations; gross profit was €1.11 billion, an increase of 45% year-on-year, slightly higher than analysts' expected €1.07 billion; EPS was €1.33, higher than analysts' expected €1.04. Looking ahead, Spotify expects operating profit for the third quarter to be €0.405 billion, far higher than the average analyst expectation of €0.298 billion.
美股异动｜Spotify涨1.2% Q2毛利润同比增长45% Q3盈测超预期
U.S. stock market anomaly｜Spotify rose 1.2%. Gross profit in Q2 increased by 45% year-on-year, exceeding Q3 profit estimates.
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