Here are some of the many takeaways from Spotify's Q1 shareholder letter and earnings conference call. Spotify's prevailing message with its quarterly earnings report on Wednesday should help much of the music business breathe easy as the global markets are distressed: streaming and subscription revenues are expected to continue with little interruption in 2020.
Spotify's Q1 earnings showed the music streaming market has been healthy through April and the company believes the coronavirus pandemic will continue to have a limited impact on its bottom line, while providing a bounty of opportunities.
Of course, the pandemic will cause some disruption to Spotify's revenue this year. Spotify lowered its revenue guidance from €7.65 billion to