Spotify Shares Tank As Earnings Outlook Misses Expectations
Spotify's shares fell by as much as 12% following the release of its first quarter earnings report. The company projected lower-than-expected operating income and subscriber growth for the second quarter of 2026. Despite adding subscribers and increasing revenue, the outlook disappointed analysts, contributing to the stock decline.
- ▪Spotify shares dropped over 10% in premarket trading after the earnings report.
- ▪The company projected operating income of €630 million for Q2 2026, below analysts' expectations of €684 million.
- ▪Spotify expects to have 299 million paid subscribers by Q2 2026, which is also below the anticipated 302 million.
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BreakingBusinessSpotify Shares Tank As Earnings Outlook Misses ExpectationsByConor Murray,Forbes Staff. Murray is a Forbes news reporter covering entertainment trends.Follow AuthorApr 28, 2026, 09:41am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineSpotify shares dropped as much as 12% early Tuesday after the leading streaming service reported its first quarter earnings, which included a forecast for Q2 that is below analysts’ expectations despite the platform adding subscribers and boosting revenue in the first months of 2026.Spotify shares fell early Tuesday.
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