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== Expectations[edit | edit source] == | == Expectations[edit | edit source] == | ||
=== Management Guidance === | |||
{| class="wikitable" | |||
|'''Indicator''' | |||
|'''Guidance''' | |||
|'''Comments''' | |||
|- | |||
|Total MAUs | |||
|479 million | |||
|Implies the addition of approximately 23 million net new MAUs in the quarter | |||
|- | |||
|Total Premium Subscribers | |||
|202 million | |||
|Implies the addition of approximately 7 million net new subscribers in the quarter | |||
|- | |||
|Total Revenue | |||
|3.2 billion | |||
|Assumes approximately 800 bps tailwind to growth Y/Y due to favorability in foreign exchange rates | |||
|- | |||
|Gross Margin | |||
|24.50% | |||
|Reflects the continuing benefit from Marketplace and favorable revenue mix shift to podcasts, offset by investments in non-music content and product enhancement initiatives | |||
|- | |||
|Operating (Loss)/Income | |||
|(300) million | |||
|Inclusive of the Operating Loss is approximately a €95 million impact to Operating Expenses due to Y/Y unfavorability in foreign exchange rates | |||
|} |