|Bid||265.06 x 1300|
|Ask||263.99 x 1800|
|Day's Range||248.26 - 268.56|
|52 Week Range||109.18 - 299.67|
|Beta (5Y Monthly)||1.62|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||264.57|
Yahoo Finance’s Myles Udland and The Final Round panel break down some of the most notable earning news.
Spotify is planning further price increases, according to comments made by co-founder and CEO Daniel Ek during the company's third quarter earnings on Thursday. The streaming service had added 6 million subscribers in Q3 to achieve a total 144 million paying customers across 320 million active users, but fell short on both sales and earnings, driving the stock lower. The company didn't specifically detail its plans for price increases in terms of dollars and cents, or geographies.
In its latest quarterly financial report, Spotify announced that it had crossed 320 million active monthly users. Spotify continues to be the largest music streaming service globally by a rather wide margin. Apple comes in at number two, with around 60 million paid subscribers, as of last year.