Updated
Updated · CNBC · Apr 28
Spotify shares plunge after soft guidance outweighs earnings beat
Updated
Updated · CNBC · Apr 28

Spotify shares plunge after soft guidance outweighs earnings beat

14 articles · Updated · CNBC · Apr 28
  • Spotify stock fell as much as 12% after first-quarter revenue rose 8% to €4.5 billion and monthly active users reached 761 million.
  • Despite beating revenue and user estimates, Spotify's forecast for 6 million new premium subscribers and €630 million operating income disappointed investors, missing analyst expectations.
  • Recent price hikes and ongoing uncertainty about subscriber growth have weighed on the stock, which is now down 14% year-to-date amid concerns over profitability and user retention.
How will Spotify's new CEOs balance price hikes with slowing user growth?
Can AI playlists and new tech save Spotify as users flee due to high prices?
Could Spotify's subscriber dip signal a wider consumer revolt against all streaming costs?
Is Spotify's premium price justified without features its cheaper rivals offer?
Is this slowdown a strategic pivot to a more profitable, smaller user base?