Spotify's soft guidance overshadowed a first-quarter earnings beat and the stock plummeted. The company expects to add 17 million net users to reach 778 million MAUs this quarter and to grow its premium subscribers by 6 million to 299 million.

Years before Spotify even launched, music was a core part of many people’s fitness routines. Now Spotify is expanding into the fitness category with an array of videos and guided workouts, available in the app alongside music,