In the last quarter, Spotify brought in revenues of around $1.36 billion. Revenue is expected to range $1.32 billion to $1.56 billion next quarter, while Wall Street was looking for $1.55 billion.
But while the results were largely in line with estimates, investors remain concerned Spotify is losing money.
Spotify, which launched its streaming music service a decade ago, has enjoyed a surge in subscriber growth only in recent years.
According to the earnings report, Spotify's total revenue rose to €1.14 billion - in line with analyst expectations - marking a 26 percent gain YOY but a 1 percent decrease from last quarter.
The gross margin improved to 24.9 percent from 24.5 percent in Q4 and 11.7 percent in Q1 2017. Spotify saw €102 million in revenue from its ad-supported offering in the first period, which was down 22% from the fourth quarter.
The Spotify report mentioned that it has 170 million monthly active users and 75 million paid subscribers.
Investors sold the stock on the news. The company said it experienced strong growth in Asia and increasing momentum in Japan.
Since the launch of the iPhone 8 , iPhone 8 Plus and the iPhone X , the MSRP of an Apple phone is a bit higher. There's obviously huge opportunities for us and we have an extremely low share in that market overall.
"There is a walkway, there is a bicycle path that runs immediately underneath where the auto was hanging", he said. Adrian Ratushniak with Toronto Fire Services, who described the auto as a four-door sedan similar to a Honda Civic.
He also promoted an upcoming book, called "The Russia Hoax: The Illicit Scheme to Clear Hillary Clinton and Frame Donald Trump ". Due to a conflict of interest, the duo was unable to formally advise the president in the investigation.
Taking a broader look at the analyst consensus, brokerage firms have a price target of $15.56 on Gamestop Corp (NYSE: GME ). As for the shares, it has gone above the 20 days moving average and is now hovering within a distance of 1.62%.
Rosenblatt Securities reissued a "buy" rating and set a $180.00 target price on shares of Apple in a report on Friday, March 16th. The three months ending with March were Apple's first full quarter selling its new flagship phone , the iPhone X.
The company collaborated with American electronic commerce Amazon to counter the Xiaomi's increasing grasp on the Indian market. Great Technology, Great Design and Great Design could be the three pillars on which the upcoming sub-brand of Oppo operates.
He started only five games last season because of a left knee injury, and missed the bowl game to prepare for the draft. Jerry Jones likes to compare him to Rolando McClain, a key man in the middle when the Cowboys won the NFC East in 2014.
Petty was taken in the fourth round by the Jets in the 2015 draft after an impressive Career with the Baylor Bears. But the team has lost Sheldon Richardson and Muhammad Wilkerson in the previous year .
Irving demanded an exit, severely weakening Cleveland , while the Isaiah Thomas trade was a dismal failure. His 41 points, 8 rebounds, 7 assists helped the Houston Rockets dispatch Utah 110-96 in the series opener.
Salah voted England's Footballer of the Year
In addition, Salah appears on track to win the Premier League's Golden Boot with a prolific 31 strikes in 34 games for the Reds . Click through the gallery to see the other nominees for the award .