Spotify (SPOT) Stock Forecast, Price Target & Predictions
SPOT Stock Forecast
Spotify stock forecast is as follows: an average price target of $299.06 (represents a -22.22% downside from SPOT’s last price of $384.50) and a rating consensus of 'Buy', based on 30 wall street analysts offering a 1-year stock forecast.
SPOT Price Target
The average price target for Spotify (SPOT) is $299.06 based on 1-year price targets from 30 Wall Street analysts in the past 3 months, with a price target range of $510.00 to $120.00. This represents a potential -22.22% downside from SPOT's last price of $384.50.
SPOT Analyst Ratings
According to 30 Wall Street analysts, Spotify's rating consensus is 'Buy'. The analyst rating breakdown for SPOT stock is 0 'Strong Buy' (0.00%), 25 'Buy' (83.33%), 5 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Spotify Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 17, 2024 | Barton Crockett | Rosenblatt Securities | $438.00 | $371.69 | 17.84% | 13.91% |
| Oct 16, 2024 | Justin Patterson | KeyBanc | $490.00 | $373.27 | 31.27% | 27.44% |
| Oct 04, 2024 | Eric Sheridan | Goldman Sachs | $430.00 | $371.45 | 15.76% | 11.83% |
| Sep 25, 2024 | James Heaney | Jefferies | $445.00 | $380.36 | 16.99% | 15.73% |
| Sep 24, 2024 | Kenneth Leon | CFRA | $425.00 | $380.36 | 11.74% | 10.53% |
| Sep 19, 2024 | Jeffrey Wlodarczak | Pivotal Research | $510.00 | $363.55 | 40.29% | 32.64% |
| Sep 16, 2024 | Justin Patterson | KeyBanc | $440.00 | $337.58 | 30.34% | 14.43% |
| Sep 10, 2024 | Justin Patterson | KeyBanc | $420.00 | $324.93 | 29.26% | 9.23% |
| Sep 04, 2024 | Deepak Mathivanan | Cantor Fitzgerald | $340.00 | $329.25 | 3.26% | -11.57% |
| Jul 24, 2024 | Eric Sheridan | Goldman Sachs | $425.00 | $332.08 | 27.98% | 10.53% |
The latest Spotify stock forecast, released on Oct 17, 2024 by Barton Crockett from Rosenblatt Securities, set a price target of $438.00, which represents a 17.84% increase from the stock price at the time of the forecast ($371.69), and a 13.91% increase from SPOT last price ($384.50).
Spotify Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 9 | 35 |
| Avg Price Target | $452.67 | $437.56 | $367.43 |
| Last Closing Price | $384.50 | $384.50 | $384.50 |
| Upside/Downside | 17.73% | 13.80% | -4.44% |
In the current month, the average price target of Spotify stock is $452.67, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 17.73% increase as opposed to Spotify's last price of $384.50. This month's average price target is up 3.45% compared to last quarter, and up 23.20% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 23, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Oct 16, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Oct 09, 2024 | Barclays | Overweight | Overweight | Hold |
| Oct 04, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Sep 25, 2024 | Jefferies | Buy | Buy | Hold |
| Sep 24, 2024 | CFRA | Buy | Buy | Hold |
| Sep 19, 2024 | Pivotal Research | Buy | Buy | Hold |
| Sep 10, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Sep 04, 2024 | Cantor Fitzgerald | - | Neutral | Initialise |
| Aug 28, 2024 | Evercore ISI | Outperform | Outperform | Hold |
Spotify's last stock rating was published by Morgan Stanley on Oct 23, 2024. The company gave SPOT a "Overweight" rating, the same as its previous rate.
Spotify Financial Forecast
Spotify Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.04B | $3.17B | $3.04B | $2.86B | $2.66B | $2.69B | $2.50B | $2.33B | $2.15B | $2.17B | $1.98B | $1.89B | $1.85B | $1.85B | $1.73B |
| Avg Forecast | $6.19B | $5.81B | $5.54B | $5.27B | $5.28B | $5.00B | $4.80B | $4.58B | $4.63B | $4.48B | $4.10B | $3.90B | $4.10B | $3.52B | $3.50B | $3.36B | $3.40B | $2.96B | $2.95B | $2.89B | $3.02B | $2.84B | $2.71B | $2.52B | $2.62B | $2.34B | $2.16B | $2.04B | $2.13B | $1.87B |
| High Forecast | $6.19B | $5.81B | $5.54B | $5.27B | $5.28B | $5.00B | $4.80B | $4.58B | $4.63B | $4.52B | $4.10B | $3.90B | $4.17B | $3.75B | $3.50B | $3.36B | $3.40B | $2.96B | $2.95B | $2.89B | $3.02B | $2.84B | $2.71B | $2.52B | $2.62B | $2.34B | $2.16B | $2.04B | $2.13B | $1.87B |
| Low Forecast | $6.19B | $5.81B | $5.54B | $5.27B | $5.28B | $5.00B | $4.80B | $4.58B | $4.63B | $4.44B | $4.10B | $3.90B | $4.06B | $3.48B | $3.50B | $3.36B | $3.40B | $2.96B | $2.95B | $2.89B | $3.02B | $2.84B | $2.71B | $2.52B | $2.62B | $2.34B | $2.16B | $2.04B | $2.13B | $1.87B |
| # Analysts | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 15 | 7 | 4 | 7 | 22 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 | 11 | 15 | 7 | 7 | 9 | 8 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 0.93% | 1.03% | 0.97% | 0.92% | 0.89% | 0.88% | 0.86% | 0.85% | 0.83% | 0.84% | 0.87% | 0.91% | 0.87% | 0.92% |
Spotify's average Quarter revenue forecast for Jun 23 based on 11 analysts is $3.50B, with a low forecast of $3.50B, and a high forecast of $3.50B. SPOT's average Quarter revenue forecast represents a 15.06% increase compared to the company's last Quarter revenue of $3.04B (Mar 23).
Spotify EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 15 | 7 | 4 | 7 | 22 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 | 11 | 15 | 7 | 7 | 9 | 8 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-85.00M | $-292.00M | $-147.00M | $-110.00M | $130.00M | $46.00M | $205.00M | $49.00M | $127.00M | $-36.00M | $2.00M | $-417.00M | $78.00M | $-336.00M | $302.00M |
| Avg Forecast | $55.23M | $51.83M | $49.43M | $47.04M | $47.11M | $44.61M | $42.81M | $40.86M | $41.31M | $39.98M | $36.56M | $456.94M | $36.61M | $31.40M | $31.24M | $488.70M | $68.77M | $26.39M | $26.30M | $522.67M | $26.93M | $25.32M | $24.20M | $172.59M | $23.35M | $20.93M | $19.29M | $111.75M | $18.97M | $16.73M |
| High Forecast | $55.23M | $51.83M | $49.43M | $47.04M | $47.11M | $44.61M | $42.81M | $40.86M | $41.31M | $40.34M | $36.56M | $548.32M | $37.25M | $33.45M | $31.24M | $586.44M | $82.53M | $26.39M | $26.30M | $627.21M | $26.93M | $25.32M | $24.20M | $207.11M | $23.35M | $20.93M | $19.29M | $134.10M | $18.97M | $16.73M |
| Low Forecast | $55.23M | $51.83M | $49.43M | $47.04M | $47.11M | $44.61M | $42.81M | $40.86M | $41.31M | $39.61M | $36.56M | $365.55M | $36.24M | $31.02M | $31.24M | $390.96M | $55.02M | $26.39M | $26.30M | $418.14M | $26.93M | $25.32M | $24.20M | $138.07M | $23.35M | $20.93M | $19.29M | $89.40M | $18.97M | $16.73M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.17% | -4.25% | -5.57% | -4.18% | 0.25% | 1.71% | 8.10% | 2.02% | 0.74% | -1.54% | 0.10% | -21.61% | 0.70% | -17.71% | 18.05% |
10 analysts predict SPOT's average Quarter EBITDA for Jun 22 to be $26.30M, with a high of $26.30M and a low of $26.30M. This is -79.77% lower than Spotify's previous annual EBITDA (Mar 22) of $130.00M.
Spotify Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 15 | 7 | 4 | 7 | 22 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 | 11 | 15 | 7 | 7 | 9 | 8 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-225.00M | $-270.00M | $-166.00M | $-125.00M | $131.00M | $-39.00M | $2.00M | $-20.00M | $23.00M | $-125.00M | $-101.00M | $-356.00M | $1.00M | $-209.00M | $241.00M |
| Avg Forecast | $615.42M | $557.58M | $476.70M | $448.80M | $513.27M | $463.69M | $388.56M | $348.74M | $386.19M | $345.16M | $216.11M | $296.33M | $-77.14M | $-46.14M | $-130.12M | $316.93M | $-58.31M | $-176.00M | $-140.12M | $338.96M | $-105.77M | $-43.16M | $-75.60M | $31.26M | $-101.55M | $-108.14M | $-72.26M | $1.43M | $-31.88M | $-49.42M |
| High Forecast | $615.42M | $557.58M | $476.70M | $448.80M | $513.27M | $463.69M | $388.56M | $348.74M | $386.19M | $432.44M | $217.05M | $355.60M | $636.39M | $4.01M | $-130.12M | $380.32M | $-46.65M | $-176.00M | $-140.12M | $406.75M | $-105.77M | $-43.16M | $-75.60M | $37.51M | $-101.55M | $-108.14M | $-72.26M | $1.72M | $-31.88M | $-49.42M |
| Low Forecast | $615.42M | $557.58M | $476.70M | $448.80M | $513.27M | $463.69M | $388.56M | $348.74M | $386.19M | $247.96M | $215.17M | $237.06M | $-385.69M | $-182.56M | $-130.12M | $253.54M | $-69.97M | $-176.00M | $-140.12M | $271.17M | $-105.77M | $-43.16M | $-75.60M | $25.01M | $-101.55M | $-108.14M | $-72.26M | $1.15M | $-31.88M | $-49.42M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.71% | 4.63% | 0.94% | 0.89% | 0.39% | 0.37% | -0.05% | 0.26% | 0.74% | 1.23% | 0.93% | 4.93% | 0.70% | 6.56% | -4.88% |
Spotify's average Quarter net income forecast for Jun 22 is $-140.12M, with a range of $-140.12M to $-140.12M. SPOT's average Quarter net income forecast represents a -206.96% decrease compared to the company's last Quarter net income of $131.00M (Mar 22).
Spotify SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 15 | 7 | 4 | 7 | 22 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 | 11 | 15 | 7 | 7 | 9 | 8 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $487.00M | $617.00M | $592.00M | $562.00M | $427.00M | $466.00M | $385.00M | $396.00M | $338.00M | $412.00M | $353.00M | $379.00M | $327.00M | $378.00M | $251.00M |
| Avg Forecast | $1.08B | $1.01B | $966.38M | $919.72M | $921.01M | $872.16M | $836.88M | $798.86M | $807.66M | $781.53M | $714.83M | $965.90M | $715.67M | $613.88M | $610.71M | $1.03B | $696.72M | $515.94M | $514.23M | $1.10B | $526.46M | $495.01M | $473.12M | $459.33M | $456.51M | $409.13M | $377.18M | $468.48M | $370.90M | $327.02M |
| High Forecast | $1.08B | $1.01B | $966.38M | $919.72M | $921.01M | $872.16M | $836.88M | $798.86M | $807.66M | $788.67M | $714.83M | $1.16B | $728.32M | $653.89M | $610.71M | $1.24B | $836.06M | $515.94M | $514.23M | $1.33B | $526.46M | $495.01M | $473.12M | $551.20M | $456.51M | $409.13M | $377.18M | $562.17M | $370.90M | $327.02M |
| Low Forecast | $1.08B | $1.01B | $966.38M | $919.72M | $921.01M | $872.16M | $836.88M | $798.86M | $807.66M | $774.39M | $714.83M | $772.72M | $708.44M | $606.43M | $610.71M | $826.44M | $557.37M | $515.94M | $514.23M | $883.89M | $526.46M | $495.01M | $473.12M | $367.47M | $456.51M | $409.13M | $377.18M | $374.78M | $370.90M | $327.02M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.47% | 0.89% | 1.15% | 1.09% | 0.39% | 0.89% | 0.78% | 0.84% | 0.74% | 0.90% | 0.86% | 1.00% | 0.70% | 1.02% | 0.77% |
Spotify's average Quarter SG&A projection for Jun 23 is $610.71M, based on 11 Wall Street analysts, with a range of $610.71M to $610.71M. The forecast indicates a 25.40% rise compared to SPOT last annual SG&A of $487.00M (Mar 23).
Spotify EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 15 | 7 | 4 | 7 | 22 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 | 11 | 15 | 7 | 7 | 9 | 8 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-1.16 | $-1.40 | $-0.86 | $-0.65 | $0.68 | $-0.20 | $0.01 | $-0.10 | $0.12 | $-0.66 | $-0.53 | $-1.91 | $0.01 | $-1.14 | $1.34 |
| Avg Forecast | $2.99 | $2.71 | $2.31 | $2.18 | $2.49 | $2.25 | $1.89 | $1.69 | $1.87 | $1.67 | $1.05 | $0.63 | $-0.37 | $-0.22 | $-0.63 | $-0.86 | $-1.27 | $-0.85 | $-0.68 | $-0.25 | $-0.51 | $-0.21 | $-0.37 | $-0.40 | $-0.49 | $-0.52 | $-0.35 | $-0.47 | $-0.15 | $-0.24 |
| High Forecast | $2.99 | $2.71 | $2.31 | $2.18 | $2.49 | $2.25 | $1.89 | $1.69 | $1.87 | $2.10 | $1.05 | $0.63 | $3.09 | $0.02 | $-0.63 | $-0.86 | $-1.27 | $-0.85 | $-0.68 | $-0.25 | $-0.51 | $-0.21 | $-0.37 | $-0.40 | $-0.49 | $-0.52 | $-0.35 | $-0.47 | $-0.15 | $-0.24 |
| Low Forecast | $2.99 | $2.71 | $2.31 | $2.18 | $2.49 | $2.25 | $1.89 | $1.69 | $1.87 | $1.20 | $1.04 | $0.62 | $-1.87 | $-0.89 | $-0.63 | $-0.86 | $-1.27 | $-0.85 | $-0.68 | $-0.25 | $-0.51 | $-0.21 | $-0.37 | $-0.40 | $-0.49 | $-0.52 | $-0.35 | $-0.47 | $-0.15 | $-0.24 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.35% | 1.10% | 1.01% | 0.96% | -2.67% | 0.39% | -0.05% | 0.27% | -0.30% | 1.34% | 1.01% | 5.45% | -0.01% | 7.37% | -5.59% |
According to 10 Wall Street analysts, Spotify's projected average Quarter EPS for Jun 22 is $-0.68, with a low estimate of $-0.68 and a high estimate of $-0.68. This represents a -199.97% decrease compared to SPOT previous annual EPS of $0.68 (Mar 22).
Spotify Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TWLO | Twilio | $84.84 | $187.60 | 121.12% | Buy |
| SNAP | Snap | $12.53 | $25.94 | 107.02% | Hold |
| BIDU | Baidu | $90.02 | $183.05 | 103.34% | Buy |
| FVRR | Fiverr | $30.19 | $42.38 | 40.38% | Buy |
| PINS | $32.02 | $41.27 | 28.89% | Buy | |
| GOOG | Alphabet | $172.65 | $166.47 | -3.58% | Buy |
| META | Meta Platforms | $567.16 | $460.61 | -18.79% | Buy |
| SPOT | Spotify | $384.50 | $299.06 | -22.22% | Buy |
| Z | Zillow Group, Inc. Class C | $59.80 | $41.25 | -31.02% | Buy |
SPOT Forecast FAQ
Is Spotify a good buy?
Yes, according to 30 Wall Street analysts, Spotify (SPOT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 25 'Buy' recommendations, accounting for 83.33% of SPOT's total ratings.
What is SPOT's price target?
Spotify (SPOT) average price target is $299.06 with a range of $120 to $510, implying a -22.22% from its last price of $384.5. The data is based on 30 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Spotify stock go up soon?
According to Wall Street analysts' prediction for SPOT stock, the company can go down by -22.22% (from the last price of $384.5 to the average price target of $299.06), up by 32.64% based on the highest stock price target, and down by -68.79% based on the lowest stock price target.
Can Spotify stock reach $600?
SPOT's average twelve months analyst stock price target of $299.06 does not support the claim that Spotify can reach $600 in the near future.
What is Spotify's current price target trend?
3 Wall Street analysts forecast a $452.67 price target for Spotify (SPOT) this month, up 17.73% from its last price of $384.5. Compared to the last 3 and 12 months, the average price target increased by 13.80% and decreased by -4.44%, respectively.
What are Spotify's analysts' financial forecasts?
Spotify's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $19.65B (high $19.65B, low $19.65B), average EBITDA is $175.39M (high $175.39M, low $175.39M), average net income is $1.71B (high $1.71B, low $1.71B), average SG&A $3.43B (high $3.43B, low $3.43B), and average EPS is $8.32 (high $8.32, low $8.32). SPOT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $22.81B (high $22.81B, low $22.81B), average EBITDA is $203.53M (high $203.53M, low $203.53M), average net income is $2.1B (high $2.1B, low $2.1B), average SG&A $3.98B (high $3.98B, low $3.98B), and average EPS is $10.18 (high $10.18, low $10.18).
Did the SPOT's actual financial results beat the analysts' financial forecasts?
Based on Spotify's last annual report (Dec 2022), the company's revenue was $11.73B, which missed the average analysts forecast of $12.2B by -3.89%. Apple's EBITDA was $-284M, missing the average prediction of $644.14M by -144.09%. The company's net income was $-430M, beating the average estimation of $-35.468M by 1112.35%. Apple's SG&A was $2.2B, missing the average forecast of $2.83B by -22.38%. Lastly, the company's EPS was $-2.23, missing the average prediction of $-3.06 by -27.14%. In terms of the last quarterly report (Mar 2023), Spotify's revenue was $3.04B, missing the average analysts' forecast of $3.36B by -9.34%. The company's EBITDA was $-85M, missing the average prediction of $488.7M by -117.39%. Spotify's net income was $-225M, missing the average estimation of $316.93M by -170.99%. The company's SG&A was $487M, missing the average forecast of $1.03B by -52.86%. Lastly, the company's EPS was $-1.16, beating the average prediction of $-0.859 by 34.98%