fbpx

Spotify Predicts 200M Users, Up To $410M Loss In 2018

Spotify Predicts 200M Users, Up To $410M Loss In 2018

Spotify logo rectangleSpotify shared its quarterly and yearly outlook in its latest SEC Monday. Highlights include a prediction of 198-208 million active users including, 92-96 million paid subscribers, by the end of 2018. But along with 30%+ user growth comes a loss of $286 -$410 million USD.

_______________________________

Spotify New $

Spotify First Quarter 2018 Financial Outlook

• Total Monthly Active Users (“MAU”): 168-171 million, up 28-31% Y/Y

• Total Premium Subscribers: 73-76 million, up 41-46% Y/Y

• Total Revenue:  €1.10-1.15 billion, up 22-27% Y/Y.  “We anticipate changes in foreign exchange rates will have a negative impact of approximately €95-105 million in the quarter 3.”

• Gross Margin: 23-24%. “This includes a 60 bp benefit from a one-time estimated accrual adjustment associated with prior periods.”

• Operating loss: €50-€80 million

Spotify Full Year 2018 Financial Outlook

• Total MAUs: 198-208 million, up 26-32% Y/Y

• Total Premium Subscriber2: 92-96 million, up 30-36% Y/Y

• Total Revenue:  €4.9-5.3 billion, up 20-30% Y/Y. “We anticipate changes in foreign exchange rates will have a negative impact of approximately €260-300 million for the full year.”

• Gross Margin: 23-25%

• Operating loss: €230-330 million ($286 -$410 million USD). “This includes an estimated total cost for the direct listing of roughly €35-40 million which we expect to expense in Q2.

“This financial outlook assumes, among other things, that no additional business acquisitions, investments, restructurings, or legal settlements are concluded.

Powered by WPeMatico

Please follow and like us:
Tags:
No Comments

Sorry, the comment form is closed at this time.