Spotify Technology SA

SPOT: XNYS (USA)

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Spotify Earnings: Excellent Results Miss Lofty Expectations; Weak Dollar Boosts Fair Value Estimate

Matthew Dolgin

Apr 29, 2025

Spotify's stock sold off following an excellent first quarter. Results were slightly ahead of guidance with continuing midteens sales growth, margin expansion, and subscriber growth. A slight miss on operating income was due solely to employee costs determined by the strong stock price.

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Spotify Technology SA

Spotify Earnings: Excellent Results Miss Lofty Expectations; Weak Dollar Boosts Fair Value Estimate

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