Spotify (SPOT) Reports Q1 EPS of EUR 0.21, MAUs of 422M; Guides Q2 Revenue of: EUR 2.8B, MAUs of 428M

Spotify (NYSE: SPOT) reported Q1 EPS of EUR 0.21. Revenue for the quarter came in at EUR2.66 billion. MAUs grew 19% Y/Y to 422 million or 419 million excluding a one-time benefit of 3 million MAUs. Premium Subscribers grew 15% Y/Y to 182 million (inclusive of approximately 1.5 million disconnects from the wind-down of our Russian operations).

The company guides Q2 2022:
- Total MAUs: 428 million

- Total Premium Subscribers: 187 million

- Total Revenue: €2.80 billion

- Gross Margin: 25.2%

- Operating Profit/Loss: €(197) million

For earnings history and earnings-related data on Spotify (SPOT) click here.

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