Categories AlphaGraphs, Earnings, Technology

Spotify’s stock drops as Q1 delivers mixed results

Spotify Technologies S.A. (NYSE: SPOT) reported better-than-expected revenues for the first quarter of 2019 while earnings fell short of estimates. Shares were down 1.8% in morning hours on Monday.

Total revenue grew 33% year-over-year to EUR1.51 billion. Premium revenue rose 34% to EUR1.38 billion. Ad-supported revenue increased 24% to EUR126 million.

Spotify reports first quarter 2019 earnings results

Net loss attributable to owners of the parent was EUR142 million, or EUR0.79 per share, compared to EUR169 million, or EUR1.01 per share, in the same period a year ago.

Monthly active users (MAUs) grew 26% year-over-year to 217 million, slightly lower than the midpoint of the company’s guidance range of 215-220 million MAU.

Average revenue per user (ARPU) was EUR4.71, roughly flat year-over-year. Spotify has experienced a declining trend in ARPU due to shifts in product and geographic mix. The company believes the downward pressure on ARPU has moderated and now expects ARPU declines through the remainder of the year to be in the low single digits.

Spotify’s key areas of growth during the quarter were measurement and programmatic revenues. Measurement-related revenues doubled from 20% to 40% of total ad revenues year-over-year. Programmatic and Self-Serve grew 53% from last year and now account for 26% of total ad-supported revenue.

In late February, Spotify launched its service in India and now has more than 2 million users in the country. The company’s global market footprint now spans 79 countries.

Premium subscribers grew 32% year-over-year to 100 million, reaching the high end of the company’s guidance range of 97-100 million. The outperformance was driven by a better than plan promotion in the US and Canada and continued strong growth in Family Plan.

For the second quarter of 2019, Spotify expects revenue to grow 18-35% year-over-year to EUR1.51 billion to EUR1.71 billion. Operating loss is expected to come in the range of EUR15-95 million. Total MAUs are expected to increase 23-27% year-over-year to 222-228 million while total premium subscribers are expected to grow 29-34% to 107-110 million.

For the full year of 2019, the company expects revenue to grow 21-29% to a range of between EUR6.35 billion and EUR6.8 billion. Operating loss is expected to be EUR180-340 million. Total MAUs are expected to increase 18-28% year-over-year to 245-265 million while total premium subscribers are expected to grow 21-32% to 117-127 million.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Coinbase shines on stablecoin boom, S&P 500 debut. Will the rally continue?

Coinbase Global, Inc. (NASDAQ: COIN) has emerged as the largest and most user-friendly cryptocurrency exchange in the US, since going public a few years ago. It has played a pivotal

How is Constellation Brands (STZ) holding up against a challenging backdrop

Shares of Constellation Brands Inc. (NYSE: STZ) stayed red on Thursday. The stock has dropped 22% year-to-date. The beer giant’s sales and profits declined in the first quarter of 2026

How Amazon’s AI-led tech revolution is redefining e-commerce

Over the years, Amazon.com, Inc. (NASDAQ: AMZN) has constantly diversified, growing beyond the core retail business to areas like cloud computing and healthcare. The e-commerce behemoth has maintained stable sales

Comments

  1. Pingback: meal replacement
  2. Pingback: =
  3. Pingback: โคมไฟ
  4. Pingback: lost mary vapes
  5. Pingback: ET
  6. Pingback: Nonameauto
  7. Pingback: 789bet
  8. Pingback: free cam girls
  9. Pingback: floodle
  10. Pingback: dog papers
  11. Pingback: P+F
  12. Pingback: Siemens
  13. Pingback: isla mujeres condo
  14. Pingback: สีทนไฟ
  15. Pingback: french pitbull
  16. Pingback: 라이브스코어
  17. Pingback: esports domains
  18. Pingback: Plinko
  19. Pingback: lilac frenchies
  20. Pingback: 늑대닷컴
  21. Pingback: 늑대닷컴
  22. Pingback: we buy dogs
  23. Pingback: linh hoang
  24. Pingback: playnet
  25. Pingback: playnet
  26. Pingback: crypto news
  27. Pingback: clima cancún
  28. Pingback: frenchie bully mix
  29. Pingback: Dog Papers
  30. Pingback: Dog Registry
  31. Pingback: Dog Papers
  32. Pingback: Dog Papers
  33. Pingback: exotic bullies
  34. Pingback: grey frenchie
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top