Modest misses and beats combine for a relatively in-line quarter from Spotify against a backdrop that has the stock roughly flat across two years of work. What was a consistent ‘cash flow beat’ story sees the cash line item below as the weakest point of the print. Here’s the full breakdown of actuals vs. Consensus:
A Meh Set of Results: Recapping Spotify’s Actuals vs. Consensus
Results benchmarking alongside our Setup framework
