Spotify (NYSE:SPOT) reported Q1 EPS of EUR 0.21. Revenue for the quarter came in at EUR2.66 billion. MAUs grew 19% Y/Y to 422 million or 419 million excluding a one-time benefit of 3 million MAUs. Premium Subscribers grew 15% Y/Y to 182 million (inclusive of approximately 1.5 million disconnects from the wind-down of our Russian operations).
The company guides Q2 2022:
- Total MAUs: 428 million
- Total Premium Subscribers: 187 million
- Total Revenue: €2.80 billion
- Gross Margin: 25.2%
- Operating Profit/Loss: €(197) million
For earnings history and earnings-related data on Spotify (SPOT) click here.