NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) will post its fourth quarter 2023 financial results and deck to shareholders on Tuesday, February 6, 2024 before market open. The company will hold a question and answer session to discuss fourth quarter 2023 financial results at 8:00 am Eastern Time. Management will answer questions submitted via Slido. Questions may be submitted on the day of the call at www.slido.com using the event code #SpotifyEarningsQ423. A live webcast of the earnings ...

Spotify has withdrawn its support from two music festivals in France in response to the country’s introduction of a new tax that is opposed by music-streaming platforms.The company’s managing director for the France and Benelux regions, Antoine Monin, expressed his dissatisfaction with the tax in a post on X, and the company called the tax a “real blow to innovation,” TechCrunch reported Friday (Dec. 22).In response to the tax, Spotify has decided to withdraw its support from the Francofolies de la Rochelle ...

Spotify Technology stock was climbing Thursday after an upbeat analyst report cited confidence for the future of the audio-streaming-services firm after a strong year of gains. ...

Bryan Goldberg - Head of Investor Relations Paul Vogel - Chief Financial Officer Good morning and welcome to Spotify's Third Quarter 2023 Earnings Call and Webcast. All participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference call is being recorded. Thanks, operator, and welcome to Spotify's Third Quarter 2023 Earnings Conference Call. Joining us today will be Daniel Ek, our CEO; and Paul Vogel, our CFO. We'll start with opening comments from Daniel and Paul and afterwa ...

User Growth - Total Monthly Active Users (MAUs) grew 26% Y/Y to 574 million, exceeding guidance by 2 million[8] - Total Monthly Active Users (MAUs) expected to reach 601 million, implying an addition of approximately 27 million net new MAUs in Q4 2023[52] Premium Subscribers - Premium Subscribers increased 16% Y/Y to 226 million, also 2 million above guidance[8] - Premium Subscribers grew 16% year-over-year to 226 million, up from 220 million last quarter[40] - Total Premium Subscribers projected to be 235 million, implying an addition of approximately 9 million net new subscribers in Q4 2023[52] Financial Performance - Total Revenue reached €3.357 billion, growing 11% Y/Y, with a 17% increase on a constant currency basis[13] - Revenue for Q3 2023 was €3.357 billion, an increase from €3.036 billion in Q3 2022[63] - IFRS revenue for Q3 2023 was €3,357 million, representing an 11% year-over-year increase from €3,036 million in Q3 2022[69] - Revenue excluding foreign exchange effects for Q3 2023 was €3,545 million, reflecting a 17% year-over-year increase[69] - Total revenue for Q4 2023 is expected to be €3.7 billion, with a 300 basis points headwind to growth year-over-year due to foreign exchange rate movements[52] Profitability - Operating Income was €32 million, a significant turnaround from an operating loss of €247 million in Q2 2023[9] - Operating income is expected to be €37 million, based on a Q3 close share price of $154.64[52] - Net income for Q3 2023 was €65 million, a significant improvement from a net loss of €166 million in Q3 2022[66] - Net income attributable to owners of the parent for Q3 2023 was €65 million, a significant recovery from a net loss of €302 million in Q2 2023 and a loss of €166 million in Q3 2022[67] - Basic and diluted earnings per share for Q3 2023 were €0.33, compared to a loss of €1.55 in Q2 2023 and a loss of €0.99 in Q3 2022[67] Cash Flow and Liquidity - Free Cash Flow for the quarter was €216 million, contributing to a strong liquidity position with €3.8 billion in cash and equivalents[31] - Free cash flow for Q3 2023 was €216 million, indicating a positive cash generation compared to previous quarters[73] - Cash and cash equivalents at the end of Q3 2023 were €2.615 billion, up from €2.851 billion at the end of Q3 2022[66] Cost Management - Operating Expenses declined 13% Y/Y, driven by lower marketing and personnel costs[27] - Operating expenses for Q3 2023 were €853 million, down 13% from €978 million in Q3 2022[71] - General and administrative expenses for Q3 2023 were €129 million, down 19% from €160 million in Q3 2022[71] - Research and development expenses for Q3 2023 were €369 million, a slight decrease of 4% from €386 million in Q3 2022[71] Revenue Streams - Ad-Supported Revenue grew 16% Y/Y to €447 million, with music advertising revenue increasing nearly 20% Y/Y[15] - Ad-supported revenue for Q3 2023 was €447 million, a 16% increase from €385 million in Q3 2022[69] - Premium revenue for Q3 2023 was €2,910 million, a 10% increase from €2,651 million in Q3 2022[69] Product Development - New features launched include AI Voice Translation for podcasts and a tool for artists called Showcase[8] - Expansion of AI DJ to 50 additional markets, enhancing user experience and engagement[8] Gross Margin - Gross Margin improved to 26.4%, up 166 bps Y/Y, reflecting better podcast trends and marketplace growth[20] - Gross margin is projected to be 26.6%, primarily driven by year-over-year improvement in podcasting, music, and other cost of revenue[52]

Daniel Ek Yeah, Doug. The way we think about it is, we're constantly thinking about how we can increase the value that we give our consumers on the platform, no matter if they're on their ad-supported tier or our paid subscription tier and really kind of increasing that sort of value to price ratio that we have. So I think, so long as we're able to bring more value to our consumers, then we should have the ability to raise pricing over time as well to sort of narrow that gap. But we're always going to be fo ...

Exhibit 99.1 The business performed very well in Q2, led by exceptionally strong MAU and Subscriber results. MAU net additions of 36 million were 21 million above guidance-an all-time high for the company-while Subscriber net additions of 10 million were 3 million ahead of guidance and the highest Q2 in company history. Revenue was in-line with guidance. Reported Gross Margin and Operating Loss were both primarily impacted by charges related to our actions to streamline operations and reduce costs. Excludin ...

Spotify Technology S.A. (NYSE:SPOT) Q1 2023 Earnings Conference Call April 25, 2023 8:00 AM ET Daniel Ek - Founder, CEO & Chairman Good morning. My name is Julian and I will be a conference operator today. At this time, I would like to welcome everyone to Spotify's First Quarter 2023 Earnings Call. [Operator Instructions]. Bryan Goldberg - Head, IR Conference Call Participants I would now like to turn the call over to Bryan Goldberg, Head of Investor Relations. You may begin your conference. Thank you, and ...

Board of Directors - Cristina Stenbeck will not stand for re-election to the Board of Directors at the 2023 annual general meeting[3] - Stenbeck's decision is not due to any disagreement with the Company[3] - Daniel Ek, CEO, expressed gratitude for Stenbeck's nearly six years of service on the Board[4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ FORM 20-F ___________________________________________________________ ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCH ...