But, again, taking a look at shares, they're down right now a little over 18%.ĮMILY MCCORMICK: All right, Yahoo Finance's Alexandra Canal on Spotify results. However, I guarantee you that it will come up in the earnings call later this afternoon. Quickly glancing through this earnings report, I don't see any mention of this backlash or the controversy. Now in response to the Spotify backlash, Spotify did release its platform policies public for the first time in addition to adding a content advisory to any podcast episode about COVID-19, although the platform did reiterate that it will, quote, 'not take on the position of a content censor.' Now overall, investors, analysts they thought that this would have a minimal impact to Spotify's bottom line, especially since Spotify is clearly the number one leader in this space, capturing 31% of total US music subscribers, with more room to run in the market. Other big name artists, including Joni Mitchell, most recently David Crosby, Stephen Stills, have stood in solidarity with Young, also removing their catalogs. Joe Rogan, Neil Young- of course, Young removed his music from Spotify in protest of COVID-19 vaccine misinformation, specifically citing Rogan's podcast. Perhaps investors think that subscriber growth will slow due to that controversy surrounding the platform. But really, that monthly active user miss for guidance in Q1 is spooking investors. The company also reported an adjusted loss per share of $0.23 versus an expected loss of $0.44, so a smaller loss than expected there, too.

Now Spotify did beat on the top line with total revenue coming in at $3.025 billion, an increase of 24% year-over-year and 8% quarter-over-quarter premium revenue also up over 22%. Spotify says they expect 418 million versus the estimate of 422 million. But one metric that investors really zoning in on is that monthly active user number for the first quarter of 2022. After hours, the stock is down nearly 22% after the company reported fourth quarter earnings. ALLIE CANAL: Brad, it's a bloodbath on Wall Street right now when it comes to Spotify earnings.

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