So, the COVID-19 drop off was quick and dramatic. Weakening digital ad spend is going to be a secular trend. A playlist featuring Maroon 5, Jack Stauber, Post Malone, and others

Spotify Technology S.A. is scheduled to report first quarter 2020 earnings results on Wednesday, April 29, before the market opens. A playlist featuring Vice Ganda, Lil Mosey, MILLI, and others

Do not expect this to recover anytime soon.

Analysts expect the company to deliver a loss of $0.49 per share compared to a loss of $0.89 per share reported a year ago. A playlist featuring Upset, Remember Sports, Haybaby, and others Revenue is … Spotify Technology (SPOT) Q1 2020 Earnings Call Transcript SPOT earnings call for the period ending March 31, 2020. Spotify says it was on course to beat its targets for Q1 but then missed them, falling 20% below target in the latter months of March. In Q1, we launched 78 Originals & Exclusives (“O&E”) podcasts globally and completed the acquisition of The Ringer, rounding out our total number of studio operations to four: Gimlet, Parcast, The Ringer… Even Alphabet reported slowing Google ad revenue in Q1. For 2020, Spotify reduced its revenue target to 7.65 billion to 8.05 billion euros from 8.08 billion to 8.48 billion euros due to changes to foreign exchange rates and lower ad sales expectations. A playlist featuring Timbuktu, Håkan Hellström, Hov1, and others