From Zacks Investment Research: 2025-04-30 21:36:00

Spotify’s stock rose 3% after missing Q1 expectations, now over $600 a share. The music streaming giant’s stock is up 35% year to date, outperforming broader indexes and even Netflix. Q1 EPS was $1.13, up 7% from last year, with sales at $4.4 billion. Spotify added 5 million new subscribers in Q1, reaching 268 million total. For Q2, Spotify expects 11 million new users and $4.52 billion in revenue. Earnings estimate revisions suggest more upside for Spotify stock, with FY25 EPS expected to soar 78% to $10.61. Spotify’s rapid expansion and positive earnings outlook make it a Strong Buy stock.



Read more at Zacks Investment Research: Still Time to Buy Spotify (SPOT) Stock After Q1 Earnings? – April 30, 2025