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Of course, very important for investors to know who is on the company's board, especially now, a lot of deal activity. And I'll just mention too, I forgot how fascinating the Spotify board of directors is. That is probably not the right direction, Soz.īRIAN SOZZI: Yeah. Last quarter, Spotify said advertising represented 15% of sales. So it's not a big diversification, right? But the company is- the percentage is actually decreasing. So advertising now is about 11% of the company's revenue. Spotify has been trying to not necessarily decrease its reliance on subscribers, but it has tried to increase its diversity of income streams by increasing advertising. And we've been talking this morning all about advertising demand, because we've been looking at those Alphabet numbers. Now we're looking at a potential open here on Spotify below $100 a share! It's been a disappointing public company, yet they're not out here buying back their stock in a big way. The reference price for that IPO was $165.90. Look, Spotify has been a terrible stock since the company went public via its highly publicized direct listing in 2018. So no real big strong growth.Īnd on that too, we've been talking all week- we were talking about it before too, Julie, stock buybacks. Ad-supported monthly active users up about 7% quarter over quarter. Premium subscribers, up 1% quarter over quarter. Looking at quarter over quarter, monthly active users sequentially, or quarter over quarter, only up 4%. We're just not getting it.Īnd just look at the very basic numbers here on Spotify. So it doesn't seem like, Brian Sozzi, that it is that much to blame for- Joe Rogan doesn't seem to be the reason, necessarily, that it's seeing a shortfall of subs.īRIAN SOZZI: I continue to wait, Julie, for this big, explosive quarter out of Spotify, given all the podcasts they have dumped on this platform, all the folks that they have signed up here to do various podcasts and other efforts at Spotify. However, at the end of the second quarter, it says it's going to have 187 million premium subscribers, which is a bit short of estimates.

Paid subscribers, 182 million in the first quarter. And the company coming out and talking about, in terms of its users as well, that it saw growth that was pretty much in-line with estimates. The company, if you look at the numbers here, revenue was about 2.66 billion.

Joe who? Spotify came out with numbers that did beat analysts' estimates, although looking forward, it's a little bit short of estimates. And let's talk about some other earnings reports. JULIE HYMAN: We're just a few minutes until the opening bell. Yahoo Finance Live’s Julie Hyman and Brian Sozzi discuss first quarter earnings for Spotify.