Spotify reported a first-quarter earnings beat with revenue up 8% to 4.5 billion euros and monthly active users rising 12% to 761 million. Premium subscribers grew 9% to 293 million, adding 3 million net users. However, the company’s guidance for the next quarter showed expected premium subscriber growth to 299 million, below analyst expectations of over 300 million. This softer guidance caused shares to fall 9% in premarket trading, reflecting investor concerns about growth momentum despite recent price hikes on premium subscriptions.
Spotify Technology SA is forecasted to deliver steady second-quarter results, with Jefferies maintaining a positive long-term outlook and a $600 price target. The investment bank expects gross margins around 33.1%, revenue growth of 15% year-over-yea...
Spotify has extended its "Managed Accounts" feature, allowing parents to control their children's music listening, to its free tier in the U.S., U.K., Australia, France, Germany, and the Netherlands. Previously available only to paid subscribers, thi...
Spotify has introduced a new AI-powered chat feature for Premium users in the U.S., Ireland, and Sweden, allowing interactive conversations to select music, podcasts, or audiobooks. Available on iOS and Android for users 18+, the beta release lets us...
