Spotify announces qtrly loss per share eur 1.14

Spotify technology s.a. announces financial results for fourth quarter 2019.sees q1 2020 revenue eur 1.71 billion to eur 1.91 billion.sees fy 2020 revenue eur 8.08 billion to eur 8.48 billion.q4 revenue eur 1.855 billion versus refinitiv ibes estimate of eur 1.89 billion.qtrly total maus grew 31% y/y to 271 million.qtrly loss per share eur 1.14.sees 2020 total maus of 328-348 million.sees q1 total maus 279 million -289 million.for premium business, average revenue per user of eur 4.65 in q4 was down 5% y/y.q4 earnings per share view eur -0.22 -- refinitiv ibes data.sees q1 total revenue: eur 1.71 billion-eur 1.91 billion.sees 2020 total revenue: eur 8.08 billion - eur 8.48 billion.sees q1 total premium subscribers: 126 million -131 million.sees 2020 total premium subscribers: 143 million -153 million.continued to see exponential growth in podcast hours streamed in quarter (up approximately 200% y/y).now seeing clear indications that podcast usage is driving increased overall engagement and retention.sees q1 operating loss: eur 65 million - eur 115 million.seen early indications that investments in podcasts are having a positive impact on conversion of free to paid users."enthusiastic about underlying trends in business".sees 2020 operating loss: eur 150 million -eur 250 million.says ended year with 124 million premium subscribers globally.significant portion of decline in qtrly arpu for premium business was driven by extension of free trial period.
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