Spotify paid music subscribers rise to 130 million, beats quarterly estimates [Reuters]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
Check Earnings Report
Company Research
Source: Reuters
Spotify paid music subscribers rise to 130 million, beats quarterly estimates (Reuters) - Spotify Technology SA on Wednesday reported a better-than-expected 31% jump in paid music subscribers to 130 million and a 22% rise in revenue in the first quarter, weathering a slowdown in ad sales due to the spread of the coronavirus. Shares of the Swedish music streaming firm rose 2% in trading before the bell. Spotify, which launched its service over a decade ago and faces stiff competition from Apple Inc and Amazon.com Inc, earns by selling music subscriptions and showing ads to free users. “We are fortunate that as a business we are able to operate with very little disruption and our hope is that providing music, information, and an escape for many can provide some joy and comfort,” the company said in a statement. For the second quarter, Spotify expects premium subscribers in the range of 133 million to 138 million. Analysts were expecting 136.5 million, according to IBES data from Refinit
Show less
Read more
Impact Snapshot
Event Time:
SPOT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SPOT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SPOT alerts
High impacting Spotify Technology S.A. Ordinary Shares news events
Weekly update
A roundup of the hottest topics
SPOT
News
- Spotify Technology (NYSE:SPOT) was downgraded by analysts at Erste Group Bank AG from a "buy" rating to a "hold" rating.MarketBeat
- Is your family ruining your Spotify Wrapped? Try this feature. [USA TODAY]USA TODAY
- Spotify: Investors Underestimate The Impact Of Its Ad Struggles [Seeking Alpha]Seeking Alpha
- ‘Age Is Just A Number'—2025 Spotify Wrapped Includes ‘Listening Age' [Forbes]Forbes
- Spotify Wepa'd: Bad Bunny reclaims title of most-streamed artist globally [Los Angeles Times (CA)]Los Angeles Times
SPOT
Earnings
- 11/5/25 - Beat
SPOT
Sec Filings
- 11/5/25 - Form 6-K
- 11/4/25 - Form 6-K
- 11/4/25 - Form 6-K
- SPOT's page on the SEC website