I see Spotify faring better than most.
Market players are listening intently to any guidance by CEO on the round of quarterly earnings now underway.
Spotify shares tumbled after its Q1 numbers and 2025 forecasts with the stock down a hefty 9% mid-morning.
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Spotify said net additions were the highest Q1 since 2020 and second highest in its history.
And I communicated that to the music industry and I think most of them thought I was completely nuts.
And obviously, were way past that now.
If you ask me what is the North Star or goal here … Its a much, much larger business than the one we are currently operating.
Ek and other executives on the call said Spotify is seeing positive advertising tailwinds as it adds new capabilities.
The streamers operating income hit 509 euros, short of guidance.
It generated 534 million euros of free cash flow.
Net profit fell to 225 million euros from 326 million on higher payroll taxes.
