Spotify Beats Q1 but Guides Soft Q2, Sparking Share Slide
Spotify beat Q1 revenue (€4.53B, +14% y/y) and adjusted EPS (€3.45) with record profitability and user growth (MAUs 761M, Premium 293M), but issued a softer Q2 outlook (€630M operating income; six million more Premium subs to 299M) prompting a roughly 14% drop in SPOT as investors priced in slower revenue growth and higher spend on products/AI.