Spotify Beats Subscriber Guidance as Margins Expand and AI Features Take Center Stage
Spotify reported 788M users and 306M premium subscribers in Q3, with revenue of €5B and a record 33% gross margin. Q4 profit guidance topped estimates.
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#Earnings Movers↓
QuantumScape Jumps on Q3 Progress and First Commercial-Scale Battery Line
Shares advanced following Q3 results showing a narrower loss and progress toward commercial production for AI data centers and defense.
Nokia Shares Fall Despite Strong Q3 Profit Beat as Restructuring Costs and Cash Flow Weigh
Strong AI-driven sales and profit failed to lift Nokia shares, which dropped on elevated restructuring charges and lower cash flow guidance.
IBM Raises Software Outlook as Delayed Deals Close and Q3 Results Beat Estimates
IBM lifted its software growth forecast to 7-8% as delayed deals closed and Q3 revenue and earnings topped expectations.
Meta Reports Strong Q3, Unveils New Shares to Fund AI Push Amid Legal Pressures
Meta reported $64.6B in Q3 revenue, up 26%, while unveiling non-voting Class C shares and early Muse AI growth amid ongoing legal challenges.
Tesla Cuts 2026 Capex Guidance to $20 Billion, Posts Surprise Free Cash Flow as Optimus and Robotaxi Timelines Advance
Flat revenue but a free cash flow surprise as Tesla lowers 2026 capex to $20B. Musk highlighted exponential Robotaxi growth and Optimus production progress.