Tomorrow's report will give an early glimpse at how coronavirus is impacting music streaming revenues. When Spotify releases its first quarter earnings on Wednesday, it will offer an early glimpse at how much the coronavirus is impacting music streaming revenues of the world’s single-largest source of royalties.
Since the extent of the pandemic only began seriously affecting economies in March -- earlier in Western Europe, later in the United States -- the report will only offer perspective on the beginning of the crisis in Spotify’s major markets, but the company should also provide insight into consumers’ intention to continue paying in the coming months.