Core Insights - Spotify reported revenue of 4.6 billion, resulting in a surprise of -4.08% [1] - The company's EPS for the quarter was 1.05 a year ago, but this also missed the consensus estimate of $2.29, leading to an EPS surprise of -50.66% [1] Key Metrics - Total Monthly Active Users (MAUs) reached 678 million, slightly below the average estimate of 678.34 million [4] - Ad-Supported MAUs were reported at 423 million, compared to the average estimate of 426.42 million [4] - Premium Subscribers totaled 268 million, exceeding the average estimate of 265.41 million [4] Stock Performance - Spotify's shares have returned +8.7% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.8% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]
Spotify (SPOT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates