Spotify shares slide as price hikes threaten subscriber growth
Spotify forecast weaker Q2 subscriber growth and €630m in operating income, below expectations, amid concerns price rises may deter customers; it expects 6m new subscribers to 299m (vs 302m consensus). In Q1 it added 3m paying subscribers (293m) and 761m MAUs on €4.5bn revenue with €721m net income, while stressing cost discipline and signaling an investor day with AI plans.