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Spotify’s First Quarter Under New Co-CEOs Highlights Growth Strain

The company’s expansion into fitness and more comes as growth questions emerge under its new co-CEOs.

Spotify’s latest earnings underscored a new challenge for the Swedish streaming giant: sustaining growth. While the company topped Wall Street expectations for the first quarter—the first fiscal period under new co-CEOs Alex Norström and Gustav Söderström—its sales outlook forecast fell short of analyst estimates, sending shares down roughly 12 percent today (April 28). As the new leadership charts Spotify’s next phase, they are leaning heavily into expanding the platform beyond music, betting that a broader content ecosystem can drive deeper engagement even as growth shows signs of strain.

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