LUXEMBOURG (AP) — LUXEMBOURG (AP) — Spotify Technology SA (SPOT) on Tuesday reported fourth-quarter earnings of $1.37 billion.
On a per-share basis, the Luxembourg-based company said it had net income of $5.16.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.16 per share.
The music-streaming service operator posted revenue of $5.27 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $5.14 billion.
For the year, the company reported profit of $2.5 billion, or $11.89 per share. Revenue was reported as $19.44 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPOT at https://www.zacks.com/ap/SPOT
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