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SPOT — Spotify Technology News Story

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Brief: UMG Q1 Revenue At EUR 2.9 Bln, Intends To Initiate Another EUR 500 Mln Share Buyback

April 29 (Reuters) - Spotify Technology SA SPOT.N:

Q1 ADJUSTED EBITDA MARGIN 20.2%

Q1 EBITDA EUR 571 MILLION

Q1 REVENUE EUR 2,900 MILLION

BOARD AUTHORIZED MONETIZATION OF HALF OF COMPANY'S EQUITY STAKE IN SPOTIFY

INTENDS TO INITIATE ANOTHER EUR 500 MILLION SHARE BUYBACK PENDING SHAREHOLDERS APPROVAL AT AGM

Source text: ID: nPn1WQ738a

Further company coverage: SPOT.N

(Gdansk Newsroom)

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