Here are the numbers
EPS expected 3.46 Actual 4.04
Revenue Expected 5.3 billion in revenue Actual 5.30 billion
Some other key metrics were gaining 3 million Premium subscribers in the period to reach 293 million total, notwithstanding its recent price increases in the U.S.
Total monthly active users (including both free and paid) climbed 12% year over year to 761 million, slightly ahead of its prior guidance of 759 million.
The company’s Q1 gross margin of 33.0% was its second-highest to date, up from 31.6% a year prior.
Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday.
Street isn't happy with guidance sort of like Netflix and their earnings.
Disclosure I own spotify shares
Spotify Q1 Revenue Rises 8%, Premium Subscribers Inch Up to 293 Million Amid U.S. Price Hikes
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Posted by TAKINAS_INNOVATION
2 Comments
Just glancing at the shareholder letter, the numbers look okay but advertising still remains pretty weak imo. I would like to see that improve so that can boost margins and revenue.
They moved into fitness which I find kind of weird but I mean sure why not try and see what works. If it doesn’t work, they can pull back. They need to keep pushing into other forms of media content.
They already pushed into podcasts, audiobooks, and video, and education, guess fitness is next. I’d like to see them push more into tickets and try to challenge live nation tbh. Because they’re kind of stuck with just advertising and subscriptions for revenue generation because they don’t own any of the content.
I’ll listen to the call later.
It’s dumping