Spotify expected to report strong Q4 earnings as analysts look ahead to 'multiple catalysts on the horizon'
In the most recent quarter, Spotify said its gross margin increased to 31.1% from the prior year's 26.4%. Wall Street is projecting margins to once again expand to 31.8% in Q4. Still, analysts have warned that the pace of margin expansion may slow in 2025 after the metric jumped by over 400 basis points in 2024.