Spotify Technology S.A. Announces Financial Results for First Quarter 2020
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Spotify (SPOT) Reports Q1 Revenues of EUR1.85 billion, DAUs Up 31% YoY; Lowers FY20 Revenue Outlook
April 29, 2020 6:09 AM EDTSpotify (NYSE: SPOT) reported Q1 EPS of (EUR0.20), versus (EUR0.79) reported last year. Revenue for the quarter came in at EUR1.85 billion, versus EUR1.86 billion reported last year.
Dear Shareholders,
Despite the global uncertainty around COVID-19 in Q1, our business met or exceeded our forecast for all major metrics. For Q2 and the remainder of the year, our outlook for most of our key performance indicators has remained unchanged with the exception of revenue where a slowdown in advertising and significant changes in currency rates are having an impact. Our business remains... More
