Tässä on Jennelin ennakkokommentit Spotifyn Q1:sta ajatellen
Spotify will report Q1 earnings on Tuesday, April 29, before the market opens. The company enters earnings season with strong momentum and a macro environment that, while uncertain, likely has minimal impact on its core business. With subscription revenue dominant and user engagement rising, fundamentals remain solid despite a weaker ad market and ongoing geopolitical risks, which we believe are behind the stock’s relative resilience compared to the broader market. We’ve kept MAU/subscriber forecasts steady ahead of the Q1 print but made minor adjustments to ad revenue and near-term EBIT estimates, reflecting more conservative projections for advertising revenue and incremental social charges. Subscriber growth, product expansion, gross margin, and pricing strategy remain key pillars of the investment case heading into the Q1 report.