Spotify's stock price fell by over 12% following guidance from executives that the company expects lower operating income in Q2 due to investments in technology, AI and marketing. Despite a strong first-quarter earnings, the streaming company's stock was trading at around $434. The company's total monthly active users (MAUs) rose by 10 million to a total of 761 million, driven by a 14% increase in ad-supported MAUs and a 9% rise in premium subscribers. Revenue topped 4.5 billion euros ($5.3 billion) on 10% growth in subscriber revenue, and operating income beat guidance by 55 million euros ($63.2 million) due to lower-than-expected social charges. However, investors reacted negatively to a part of the company's forward-looking guidance that called for 630 million euros in operating income for Q2, with expected social charges and increased operating expenses for the next two quarters as Spotify invests in tech, AI, marketing. CFO Christian Luiga and co-CEO Alex Norström expressed optimism about the company’s future growth potential.