Spotify (SPOT) Reports Q1 Loss of EUR0.79, Revenues of EUR1.511B; MAUs Up 26% YoY, Premium Subscribers Up 32% YoY
Spotify (NYSE: SPOT) reported Q1 EPS of (EUR0.79). Revenue for the quarter came in at EUR1.51 billion versus the consensus estimate of EUR0 .
Q2 2019 AND FULL YEAR OUTLOOK
These forward-looking statements reflect Spotify’s expectations as of April 29, 2019 and are subject to substantial uncertainty.
Q2 2019 Guidance:
- Total MAUs: 222-228 million, up 23-27% Y/Y
- Total Premium Subscribers: 107-110 million, up 29-34% Y/Y
- Total Revenue: €1.51-€1.71 billion, up 18-35% Y/Y
- Gross Margin: 23.5-25.5%
- Operating Profit/Loss: €(15)-(€95) million
Full Year 2019 Guidance:
- Total MAUs: 245-265 million, up 18-28% Y/Y
- Total Premium Subscribers: 117-127 million, up 21-32% Y/Y
- Total Revenue: €6.35-€6.8 billion, up 21-29% Y/Y
- Gross Margin: 22.0-25.0%
- Operating Profit/Loss: €(180)-(€340) million
GUIDANCE:
Spotify sees Q2 2019 revenue of EUR1.51-1.71 billion.
Spotify sees FY2019 revenue of EUR6.35-6.8 billion.
For earnings history and earnings-related data on Spotify (SPOT) click here.