Will a SPOT stock split help the Spotify stock recover?.Spotify’s earnings from premium and ad-supported accounts.Podcast share of overall consumption hours on Spotify also reached an all-time high.US30 US Wall Street 30 (USA 30, Dow Jones) At the end of the quarter, it had 3.6 million podcasts on the platform, compared to 3.2 million the quarter prior. Podcasts have been a key growth area for Spotify. 'There's still work to be done,' Ek said. It will also direct its users to public health sites for more information. The efforts have caused Spotify to add content advisories to any material mentioning Covid-19. It bought the exclusive streaming rights to 'The Joe Rogan Experience' in a deal reportedly worth more than $100 million. Spotify, meanwhile, has been under fire for hosting the episodes. Rogan has been accused by medical professionals that he has repeatedly spread conspiracy theories about Covid-19 on his show. Spotify reported a double digit increase in the number of monthly active users that engaged with podcasts in the quarter.ĬEO Daniel Ek opened up the company's call with investors by addressing the ongoing controversy over podcaster Joe Rogan in its report, which has led musicians to pull their music from the platform. The company added that 'since the vast majority of our initiatives are multi-year in nature and measured as such, we no longer plan to issue annual guidance.' For quarterly guidance, the company said it would provide a 'single estimate for each metric instead of a range of outcomes.' It expects to report 183 million total premium subscribers. Analysts anticipated guidance of 417.8 million, according to StreetAccount. In the first quarter of 2022, Spotify expects to report 418 million monthly active users.

Spotify cited strong promotional campaign performance. Spotify's premium, or paid, subscribers grew 16% year over year to 180 million in the quarter, the company said. That's in line with its guidance of 400 million to 407 million and slightly beat analyst expectations, per StreetAccount. The streaming company posted 406 million monthly active users in the quarter, up from 381 million.

Revenue: 2.69 billion euros vs 2.65 billion euros expected by Refinitiv.

Loss per share: 21 euro cents vs 43 euro cents (24 cents vs 49 cents) expected, per Refinitiv.

Spotify stock projection