06:59 AM EDT, 04/29/2025 (MT Newswires) -- Spotify Technology ( SPOT ) reported Q1 earnings Tuesday of 1.07 euros ($1.22) per diluted share, up from 0.97 euros a year earlier.

Analysts polled by FactSet expected 2.19 euros.

Revenue for the quarter ended March 31 was 4.19 billion euros, up from 3.64 billion euros a year earlier.

Analysts surveyed by FactSet expected 4.20 billion euros.

For Q2, the music streaming company expects revenue of 4.3 billion euros. Analysts polled by FactSet expect 4.37 billion euros.

Spotify ( SPOT ) shares were down 8.2% in recent premarket activity.