Spotify delivered a solid quarter. 761M MAUs up 12% YoY, 293M premium subscribers, gross margin hit a Q1 record at 33%, operating income €715M up 40% YoY. Revenue missed slightly in absolute terms but in constant currency revenue grew 15% and free cash flow hit €824M, up 54% YoY.
The margin story is finally becoming real. This isn't just management talking about profitability anymore, the numbers are actually showing up. Only weak spot was ad supported revenue which declined 5% reported, so that segment is still not pulling its weight.
Q2 guidance calls for 778M MAUs and 299M premium subs which looks healthy. If you're long Spotify on the thesis that they're still early in monetizing their user base, this quarter gives you more reason to stay confident.
NoRiskNoFun
3 месяца назад
Spotify earnings visualisation 📊
NoRiskNoFun
3 месяца назад
Spotify Q1 2026 earnings 📊
Jonathan123
3 месяца назад
Earnings
Swan100
3 месяца назад
Below 500
Any reason for this drop below $500. This seems like a company that will continually go up, think it’s a good time to enter…
Thoughts from any analysts?
MSUWH
4 месяца назад
About time
It’s right that Spotify is moving in the right direction again. 700m + active users interacting with your app eventually has to count for something. Onwards and upwards from here. No competitor is even close.
remytherat
4 месяца назад
No one say the r word
I mean 🚀. Or the stock will hear us.
nsherpa08
5 месяцев назад
Summer
I haven't invested in Spotify before but anyone who's been with Spotify does the value go up in summer if so should i buy now?
StefanikLubo
5 месяцев назад
12% Week — Not Bad
Almost +12% this week for Spotify. That’s the kind of bounce that reminds you why patience matters.
Big congrats to those who bought the dip.
StefanikLubo
6 месяцев назад
Spotify Volatility Mode
Today feels… turbulent 😅
Did I miss something, or is this just classic Spotify volatility?
StefanikLubo
6 месяцев назад
Future
After yesterday’s gains, sure — maybe we see a small pullback. But I don’t see a real reason for Spotify to keep falling.
Subscriber numbers were posted here recently, and despite the growing gap between paying and non-paying users, the scale is massive. Long term? I’m buying.
Thanks you, NoRiskNoFun
sscar44
6 месяцев назад
Interested
Wow, the price correction is looking very good.
I haven't really looked into this stock before, anyone got any view?
(Of course I'm doing my own research now haha)
NoRiskNoFun
6 месяцев назад
Spotify membership numbers 📈
NoRiskNoFun
6 месяцев назад
Spotify earnings visualisation 📊
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