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Spotify (SPOT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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Spotify (SPOT - Free Report) reported $4.41 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 11.7%. EPS of $1.13 for the same period compares to $1.05 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $4.6 billion, representing a surprise of -4.08%. The company delivered an EPS surprise of -50.66%, with the consensus EPS estimate being $2.29.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Spotify performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total Monthly Active Users (MAUs): 678 million versus the four-analyst average estimate of 678.34 million.
  • Ad-Supported MAUs: 423 million compared to the 426.42 million average estimate based on three analysts.
  • Premium Subscribers: 268 million versus 265.41 million estimated by three analysts on average.
View all Key Company Metrics for Spotify here>>>

Shares of Spotify have returned +8.7% over the past month versus the Zacks S&P 500 composite's -0.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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