Spotify Q1 Revenue Rises 8%, Premium Subscribers Inch Up to 293 Million Amid U.S. Price Hikes

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