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And I think this is a testament of our consistency of execution and clearly shows just how compelling our offering remains for creators, users and advertisers, even in the face of uncertainty provoked by world events. As I have said several times before, Q1 traditionally sees lower new user activations, but despite this, we delivered solid results. There are puts and calls in every quarter and this one was no exception. And this performance builds on the momentum we saw in Q3 and Q4 of 2021 and I am very pleased with the continued acceleration we are seeing in user growth headed into Q2. And when you exclude the impact of our withdrawal from Russia, we came in line or ahead on every metric. We delivered another strong quarter in Q1. So, I will kickoff by sharing a few of the highlights you may have seen in our shareholder letter. Hi, everyone and thank you so much for joining us.
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Reconciliations between our IFRS and non-IFRS financial measures can be found in our letter to shareholders, in the financial section of our Investor Relations website and also furnished today on Form 6-K.Īnd with that, I will turn it over to Daniel.Īlright. During this call, we will also refer to certain non-IFRS financial measures.
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Actual results could materially differ because of factors discussed on today’s call, in our letter to shareholders and in filings with the Securities and Exchange Commission. These statements are based on current expectations and assumptions that are subject to risks and uncertainties.
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During this call, we will be making certain forward-looking statements, including projections or estimates about the future performance of the company. If for some reason, you don’t have access to Slido, you can e-mail Investor Relations at and we’ll add in your questions.īefore we begin, let me quickly cover the Safe Harbor. We ask that you try to limit yourself to one to two questions and to the extent, you have got follow-ups, we will be happy to address them time permitting. Analysts can ask questions directly into Slido and all participants can then vote on the questions they find the most relevant. Questions can be submitted by going to and using the code #Spotify Earnings Q1 ‘22. We will start with opening comments from Daniel and Paul, and afterwards, we will be happy to answer your questions. Joining us today will be Daniel Ek, our CEO and Paul Vogel, our CFO. Thanks, operator and welcome to Spotify’s first quarter 2022 earnings conference call. Bryan Goldberg, Head of Investor Relations, you may begin your conference. At this time, I would like to welcome everyone to Spotify’s Q1 2022 Earnings Conference Call and Webcast. My name is Julian and I will be your conference operator today.
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( NYSE: SPOT) Q1 2022 Earnings Conference Call Ap8:00 AM ETīryan Goldberg - Head, Investor Relations
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