Spotify (SPOT) Q1 2026 (EUR): Revenue 4.5bln (exp. 4.52bln), EPS 3.45 (exp. 3.17); sees Q2 MAU 778mln (exp. 773.9mln)

Spotify's Q1 results reveal revenue slightly below expectations but a strong EPS beat, indicating operational efficiency.

Newsquawk StaffPublished 28 Apr 2026, 10:20 UTCOn the live feed at 10:00 UTC — 4 more headlines followed before this page went public

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10:14

China to grant zero tariffs from 1st May 2026 to 30th April 2028 for 20 African countries with diplomatic ties, excluding least-developed nations

10:11

NatWest (NWG LN) AGM statement says it has begun 2026 with positive momentum on which it can build

10:00

Spotify (SPOT) Q1 2026 (EUR): Revenue 4.5bln (exp. 4.52bln), EPS 3.45 (exp. 3.17); sees Q2 MAU 778mln (exp. 773.9mln)

09:46

Newsquawk Daily US Opening News - 28th April 2026

09:45

Indian government official says it is seeking the elimination of import tax on rayon-grade wood pulp

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Further Q2'26 guidance:

Total Revenue 4.8bln (exp. 4.77bln). Assumes ~80 bps headwind to growth Y/Y (vs. ~600 bps in Q1) due to foreign exchange rate movements
Total Premium Subscribers 299mln (exp. 300mln)
Op. Income 630mln.

Other Metrics:

Total Monthly Active Users 761mln (exp. 760mln).
Premium Subscribers grew 9% Y/Y to 293mln, reflecting 3 million quarterly net adds.

Context

The Q2 guidance points to solid user growth, with increased monthly active users and a manageable foreign exchange headwind, suggesting resilience in an uncertain macro environment and a positive outlook for subscriber additions. This combination may calm investor nerves over the revenue miss and suggest the stock has room to react positively in upcoming sessions.

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